TheTrendliner

USDJPY Harmonics and Trendanalysis

Short
TheTrendliner Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is at a strong resistance that has not been broken since Jan 2017. At the same level on the daily chart there is completion of the bearing bat pattern. It also went below a dominant trend line indicating possible change of trend. I'll take a short with my target at 112.00 and stop loss at 114.20.
Comment:
Set Sell Limit Orders @ 113.800, 114.50
115.00.
All Stop Losses set At 115.50

This is to allow the market to breathe and accommodate volatility.
Comment:
100 pips. I'm holding for target
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