Bearish Bat USD/JPY

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Price has recently hit resistance at 118.6. After resistance price dropped as impulse to 111.6. Following this drop we see correction waves at 0.476 and again at a respective 0.886. When price reaches an 88.6% retracement of the impulse drop to 111.6 we will see further consolidation with another dip. Keep an eye on this one!

Bat ratios

B: 0.382-0.5
C: 0.382-0.886
D: 1.618-2.618
xD: 0.886