USD/JPY: Possible to create short-term Bearish ABCD Pattern.

U.S. Dollar / Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar / Japanese Yen

usd_jpy abcdpattern abcdpattern long-term

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

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