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rckh

USDJPY bearish bat or butterfly?

U.S. Dollar / Japanese Yen (FX:USDJPY)  
rckh Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Harmonic Patterns Trend Analysis Wave Analysis USDJPY usdjpylong usdjpyshort Bearish Bat Bearish Butterfly
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harmonicpatterns trendanalysis waveanalysis usdjpy usdjpylong usdjpyshort bearishbat bearishbutterfly
USDJPY has a potential bearish bat (dark purple), monitor closely around 114 area.
If it fails to hold at 114 and breaks above the ascending triangle, it could potentially form a bearish butterfly.
Comment:
snapshot
It reacted nicely at 114 level
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