At a short time(1h), I see a potential bullish flag and a potential Bearish H&S Pattern.
Scenario 1:
If the upperline is braked & the 50% fibbonaci support, a potential bullish usdjpy to 118.00
Scenario 2:
If the lowerline is braked, most likely a bearish usdjpy with a target 1 of 113.50 and a target 2 of 112.00
Scenario 1:
If the upperline is braked & the 50% fibbonaci support, a potential bullish usdjpy to 118.00
Scenario 2:
If the lowerline is braked, most likely a bearish usdjpy with a target 1 of 113.50 and a target 2 of 112.00
Trade active:
Shorting with a sl of 115.35.