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USDJPY: Potential Bat PatternThere is a good selling opportunity on 2H FX:USDJPY chart. The major key level is 112.332. The price respected that level many times and it is more likely it will do it again. There is a potential bat pattern with nice Risk reward. If the price goes closed to 88% fibonacci retracement, that would the entry point. Place stop loss above resistance level.
T1 - 38.2
T2 - 61.8
Note: Fed Funds Rate and FOMC tomorrow and do not enter into the trade during those times.