petermp25
Short

USD/JPY Potential Cypher Pattern

FX:USDJPY   U.S. Dollar / Japanese Yen
Entry at 124.681

Stops at 126.047, just above X
Target at 123.138, just above the 38.2 of CD and just on the minor S/R at blue trend line (left)

Invalid from 120.370

Stoch is indicating Extremely overbought, so wouldn't be surprised to see a bit of a correction to the 122.3s before continuing back up to Point D, resulting in another potential correction to the 38.2
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