After an incredible ending for the USDJPY, rallying crazy with no deceleration, it has now formed a double top on the daily chart. Giving us an oportunity to catch a downside move with a profit at the 112 level.
If a flag gets formed there, we would see a major retracement to the 106 level, but if it rejects it hard, we will se another test of the 118 level.
Hope you guys have a great start of the year.
If a flag gets formed there, we would see a major retracement to the 106 level, but if it rejects it hard, we will se another test of the 118 level.
Hope you guys have a great start of the year.