ChrisThein
Short

Potential Bearish Bat on USDJPY 240 min

FX:USDJPY   U.S. Dollar/Japanese Yen
Looks like a Bearish Bat forming on the 240 min. There is a .50 fib in the initial retracement and a 1.618 extension confluence from the A to B leg of the move into the the .886. Going short 121.57. I'm putting my stop at 122.05 just above the former high. I have two targets one at .382 fib and .618 of the low to my entry.
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