The USDJPY is in correlation with the US Dollar Index. It was recently been in a big uptrend, but has recently began to reverse. Not sure whether its going to continue to be bullish or bearish, all I'm saying is to watch how these to move in synchronization with one another . Happy New Year!
Once the currency pair CAD/JPY retraces into the 85,76 level the bearish bat pattern will be completed and so the opportunity to short the market. This setup contains two fibonacci based target points and a stop loss point at the 1.08 extension of XA.