Hello people.
Is there a forex trader here?
I've just noticed that now is a good chance to make some money. I'll explain why now is the right time to sell usd/jpy.
Firstly, in the picture above we noticed that a triple top pattern is formed.
Secondly, the last candle of 4 hours time frame is bearish and a hammer is formed.
The third observation is Fibonacci corrections.
On the basis of these conclusions, I believe that the price of usd/jpy will drop to 111.192 and we would make a good profit.
Let's see what happens?