The USDJPY pair is currently drawing a double-top on the 99.90 resistance and therefore could initiate a larger corrective movement. Investors may therefore short the pair on this level with a stop placed above the psychological threshold of the 100. This scenario would be confirmed by the break of the support at 96.70 which would validate the target on a return to the 93.
Direction: Down
Entry: 99.41
Stop-loss: 100.10
