TomHall
Long

USD/JPY - Bullish Cypher Pattern

FX:USDJPY   U.S. Dollar / Japanese Yen
On the USD/JPY             Daily chart we have a potential long opportunity at the D leg completion of a Cypher Pattern

The price reversal zone on this pair is between 117.578 & 116.127
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure support .

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Now on watchmode. Thanks Tom. Best of luck!
+1 Reply
TomHall FXTrademate
Thanks very much, have a good day :-)
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