USDJPY D1 ANALYSIS - GIGANTIC BEARISH PINBAR

Hey traders,

As you can see today, USDJPY closed with a big bearish pinbar.

Price has reacted to this level 4 times in recent times, with price rejecting this level every time.

Technical analysis wise this looks like a potential double top chart formation.

On the MACD we also have bearish cross about to occur.

Simple price action, technical analysis and S/R leads to simple profits.


Daily trade analysis and ideas:

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