USDJPY, 4 hour timeframe, double top or bear flag
Based on the 4 hour timeframe we could see price moving inside the area which i have highlighted.
Area around 106.75-106.85 served as support previously. During this last 10 days, price tested this area 3 times.
Price finally closed below it on 4hr timeframe at Tuesday.
We could see further drop in USDJPY from this point
Sell USDJPY 107.00-106.90
Stop loss 107.40
Take profit 1 @106.40
Take profit 2 @106.00
Take profit 3 @105.60
Good luck
Area around 106.75-106.85 served as support previously. During this last 10 days, price tested this area 3 times.
Price finally closed below it on 4hr timeframe at Tuesday.
We could see further drop in USDJPY from this point
Sell USDJPY 107.00-106.90
Stop loss 107.40
Take profit 1 @106.40
Take profit 2 @106.00
Take profit 3 @105.60
Good luck
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.