USDJPY: Double top on strong resistance
USDJPY tested for once more the critical resistance at 114.35-55 area forming a short term double top.
We believe that the sideways formation will be broken down. We are already short at these levels from our previous trading idea (www.tradingview.com/...annel-for-once-more/) and we will try new SELL positions at current levels with stops above 114.65, targeting 114.00-05 and 113.80.
We believe that the sideways formation will be broken down. We are already short at these levels from our previous trading idea (www.tradingview.com/...annel-for-once-more/) and we will try new SELL positions at current levels with stops above 114.65, targeting 114.00-05 and 113.80.