USDJPY found a base this week at 111.60 area and bounced sharpy up to 113.00 which may not be a breakout yet, if we consider the possibility of a Elliott wave triangle placed in wave B. It's a five wave pattern where wave E) is still missing, so be aware of a new setback to 112.00 before uptrend resumes in impulsive fashion.
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An interesting bearish cypher setup with two possible entry points based on where I might set my stoploss. I could enter at D completion with a stoploss above X but if I take previous structure into consideration then I would need to wait for price to close above 116.161 level in order to take this trade. I do not think i could take the 113 inverse extension...