I think usd/jpy
pair possible to create short-term bearish ABCD
pattern near 121.85-90 level. Where we may find some short position opprotunity. After retest those level, If we take short position from those point, our profit target is set near 121.00-120.465 and our stop loss should be 30 pips.
If its breaks upper 121.887 resistance level
, I think its goes more upward mode which may be 124-125 level. Let's see what happend !!!
Best of luck. Happy trading