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FX.co ★ USDJPY M5: Double Top

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Technical Analysis Patterns

2024-12-19T11:25:11
Signal strength 1 of 5

USDJPY M5: Double Top

Double TopOn the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 157.07; the lower boundary 156.84; the width of the pattern 23 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 156.69 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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Other patterns by USDJPY