USD/JPY has formed a Double top pattern on the 1H chart. The pattern has 66% quality and 52% magnitude in the 70-bar period. The pattern began on 7th of March when the pair started appreciating from 93.79; at the moment it is trading at the daily pivot (PP)/20-bar SMA at 96.40; pattern’s support is at 96.01. Trading volume seems to be holding at the same level in the length of the pattern. Technical indicators on aggregate point at appreciation of the pair implying that it might bounce from
