USD/JPY has shown a bullish trend on the daily timeframe, following an ascending trendline. However, recent price action indicates a potential reversal as it forms a triple top pattern, suggesting a shift in sentiment towards a downtrend. Traders may consider monitoring key support levels for confirmation of a reversal and adjust their trading strategies accordingly.
USD/JPY has shown a bullish trend on the daily timeframe, following an ascending trendline. However, recent price action indicates a potential reversal as it forms a triple top pattern, suggesting a shift in sentiment towards a downtrend. Traders may consider monitoring key support levels for confirmation of a reversal and adjust their trading strategies accordingly.