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AdamHong

USDJPY:Potential Bearish Bat Pattern

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
AdamHong  
FX:USDJPY   U.S. Dollar / Japanese Yen
Bat USDJPY
2
0
batpattern usdjpy
Potential bearish bat pattern is forming and 1.618EXT of the AB is at 107.3.
The previous srtucture works at the same levels.
The RSI has been divergent from the price now and whether it enters the overbought zone again we should wait and see.
So it is a good chance for opening short position at 106.6-107.3 levels.
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