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FX.co ★ USDJPY M5: Double Top

USDJPY M5: Double Top

Double TopOn the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 109.57; the lower boundary 109.48; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 109.33 level.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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