FIBSII

Potential USDJPY Bullish Bat

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Hey all,

Here we have a potential Bullish Bat Pattern forming on USDJPY . the C-D leg is in a small period of consolidation, however hoping for a press lower to complete the pattern (a break of structure where the green line is). If we get this the pattern is more likely to complete.

Will be looking for 2 targets which gives us a strong Risk Reward. Given the holidays I wouldn't expect too much movement however will be paying attention to tomorrows news.

Fibsii Team

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