USDJPY: Price still in consolidation

FX:USDJPY   U.S. Dollar / Japanese Yen
121 2
Price respected the support structure several times last week, bouncing in between the 118.35 to 119.20 region. Similar to the EURJPY pair, we prefer to wait for more confirmation signals to trade this pair. However, for pattern traders, we do have a potential Bat pattern forming around the 120.20 level.

I would love to hear your opinion, feel free to comment, agree or disagree.


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Hey Akyong, whats your view now? Looks like a bat didnt form and a double top is gonna finish soon inside a descending triangle.
KarYong TradingTortuga
personally i will not be trading as long as price remaining inside this range bound zone. I will wait for it to either hit the pattern or a break out.
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