Last week, I've shared with you that USDJPY is going to have a Bullish Shark Pattern set up within the 5-0 Pattern and the price to engage on the countertrend setup is 109.73(you can check the link within the TradingView chart and you can find the chart link at the bottom). The final target for the Shark Pattern brings 53pips of profit which is approximately 530USD/lot traded.
USDJPY has just completed its Bearish Flag Pattern. I'm waiting for a double bottom, which means the market has to retest and touch 109.62 for a double bottom buying opportunity. This will put the trade setup to be a counter-trend trade and an RSI Divergence will be my minimum criteria to engage the trade and the first target will be at 109.88.