USDJPY finally found some resistance around 118.30 area. The pair formed our favourite pattern = double top + lower low. This is an excellent bearish reversal pattern. On the top of this, JPY seasonal bullishness is also at play. JPY tends to gain value in the first 3 weeks of the trading year – every year.
Learn how an Elliott Wave Forex trader applies the theory to trading successfully and profitably. These are EXACT price patterns I used for years to steadily grow my trading account while taking minimum risk.