Thursday market analysis: USD/JPY

Hello traders,

let’s hit them charts:

1. USD/JPY

Since last year December price has struggled to break the key resistance zone. This will be the third attempt on price trying to break the resistance level so far, and the the second attempt this year.

This gives us a triple top chart pattern formation. Conservative traders may wait for additional sell confirmation before joining in, and for the less conservative traders, a sell position with controlled risk won’t be a bad idea at this point

What say you?

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