USD-JPY TREND CONTINUATION SELL OPPORTUNITY

Short

Dollar Américain / Yen japonais (FX:USDJPY)

FX:USDJPY Dollar Américain / Yen japonais

Support and Resistance Double Top or Bottom

USD-JPY HAS BEEN ON BEARISH TREND ON HOURLY CHART. PAIR HAS RECENTLY BROKE 107.25 AREA, WHICH WAS HOLDING PAIR AS SUPPORT THROUGH FIRST WEEK OF JULY-2020. ON 08-JULY-2020 PAIR BROKE THAT IMPORTANT STRUCTURE SUPPORT AND MOVED LOWER. TODAY USD-JPY PAIR IS AGAIN CAME TO THAT IMPORTANT STRUCTURE AND FORMED DOUBLE TOP FORMATION AT SAME LEVEL. WHICH SUGGESTS US THAT PAIR MAY RUN AGAIN TOWARDS DOWN SIDE.

SELL ENTRY: 107.24
STOP LOSS: 107.55
TARGET-1: 106.95
TARGET-2: 106.75

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