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BrianPenrod
Sep 13, 2016 1:57 PM

USDJPY possible Bearish Bat Short

U.S. Dollar/Japanese YenFXCM

Description

Looking at a possible bearish bat forming on the USDJPY. 102.511 is the .382 retracement from the July 21 to Aug 16th swing also which could also be an area of resistance.

Looking at a reversal zone of 102.511 through 102.580
SL @ point "X" 102.654
Initial TP @ 102.211
final target @ 101.946

Thanks for viewing

Bud

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