USD/JPY Falling to 146.000!? Double Top Reversal Signal Complete

USD/JPY has a double top reversal signal on the Daily candles and a triple top on the 4HR candles with a massive gap to fill. This reversal signal happened at a key level, 152.00 which is the previous high from October 2022. As shown in my previous prediction, a short position is reasonable at this level. The double/triple top is the confirmation of that short, which increases the probability of profit significantly.

 

If there was a time to short in this bull channel, it would be now.

UDS/JPY Falling to 146.000!? Double Top Reversal Signal Complete

 

Key Points

1. Double Top Reversal Signal on the Daily Chart
2. Triple Top Reversal Signal on the 4HR Chart
3. Gap to bottom of the channel at 146.000
4. The lowest target price is the Previous Channel High of 145.000
5. RSI at 52.00, Plenty of room to fall and supports #1-4

 

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