nboone
Short

USDJPY Bearish Bat Pattern D leg completion

FX:USDJPY   U.S. Dollar/Japanese Yen
UJ found resistance at the 0.88 D leg of a bearish Bat pattern on the 1 hour chart. With the break of the trend line associated with the recent up move and the MACD/Stochastic crossovers, this could result in a nice retracement.

SL: 114.80
TP1: 113.277 (. 382 retracement )
TP2: 112.395 (. 618 retracement )
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