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USD/JPY forms bullish BAT pattern, good to sell on rallies

FX:USDJPY   U.S. Dollar / Japanese Yen
405 1 5
Harmonic pattern Formed- Bullish Bat Pattern

Potential Reversal Zone (PRZ) -121.50

USD/JPY             made a high of 121.48 ( trend line joining 121.22 and 121.48) and retreated till 120.28 from that level. It is currently trading at 120.67.

On the downside major support is around 119.60 and break below will drag the pair till 119/118.60 in short term. The pair’s minor support is around 120.

Any break above 121.50 confirms further bullishness, jump till 122.40 is possible.

It is good to Sell on rallies around 120.90-95 with SL around 121.51 for the TP of 119.60/119


hmm. since you already sell gbpjpy,maybe usdjpy also can short.
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