themarketzone

Hits support - Bearish Cypher near final target level

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
The bearish Cypher pattern I've mentioned here 2 weeks ago reached important daily support zone and it is just 50 pips away from final target zone - 122.
The whole range between 122 and 122.5 could be a reversal zone in $USDJPY             that will trigger a pullback towards 123.5 and 124.

Bellow 122, $USDJPY             continue lower towards 121 and the major support zone found there that includes the daily 200 SMA line
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