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FX.co ★ USDJPY H1: Double Top

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Technical Analysis Patterns

2024-12-26T00:00:32
Signal strength 4 of 5

USDJPY H1: Double Top

Double TopOn the chart of USDJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 157.39; the lower boundary 156.90; the width of the pattern 49 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 156.50 level.
*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