USDJPY - The big picture....
There is a bearish Bat Pattern that is coming up on the 4 Hrs chart....
And it looks like the best place to open a short at around 101.70 levels after the reversal confirmation with stops above 101.75 area....
And
T1 - At intermediate support (50% retracement of CD)
T2 - Can be trailed as a major trend reversal (a break to the downside on the pair) is expected....
And all the currency correlation also add up to the evident bearish trend on the pair....
And it looks like the best place to open a short at around 101.70 levels after the reversal confirmation with stops above 101.75 area....
And
T1 - At intermediate support (50% retracement of CD)
T2 - Can be trailed as a major trend reversal (a break to the downside on the pair) is expected....
And all the currency correlation also add up to the evident bearish trend on the pair....
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