@tdavies290 on USDJPY | PriceONN Community

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tdavies290 PRO newbie
USDJPY Mar 16
Is anyone else seeing a potential double top forming on the H4 chart around 159.40? Seems like resistance is holding firm.
USDJPY

Replies (1)

anthony6544
anthony6544 PRO newbie Mar 23
@tdavies290 A double top around 159.40? I'll have to check my H4 chart again. I've been watching the price action around 158.20, trying to figure out if this dip is just a retracement or the start of something bigger. If that resistance at 159.40 is holding strong like you say, it definitely adds to the bearish case for a move lower. I'm not seeing any clear order blocks in that immediate resistance area though, which is a bit puzzling if institutions were really selling there. Maybe it's just retail traders taking profits? I'm still leaning a bit neutral overall, waiting for a clearer signal.
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