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FX.co ★ USDJPY M5: Double Top

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Technical Analysis Patterns

2026-08-03T05:05:36
Signal strength 1 of 5

USDJPY M5: Double Top

Double TopThe Double Top reversal pattern has formed on the USDJPY M5 chart. Its upper boundary is at 156.56, its lower boundary is at 156.39, and its width is 17 points. A short position may be considered below the lower boundary at 156.39, with a potential target at 156.24.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by USDJPY