USDJPY Bearish Bat Pattern D leg completion

15 thg 2, 2016

UJ found resistance at the 0.88 D leg of a bearish Bat pattern on the 1 hour chart. With the break of the trend line associated with the recent up move and the MACD/Stochastic crossovers, this could result in a nice retracement.

SL: 114.80
TP1: 113.277 (.382 retracement)
TP2: 112.395 (.618 retracement)