USDJPY Bat Pattern

16 Kas 2015

In any way the market might reach the top, I will be looking also to short the market at the previous highs since there is a bearish bat pattern completion at around 124.75. I think that if the market will reach the previous highs, the resistances is still strong enough to hold the price down. It will need to retrace back first at the bullish trend line to gain momentum if the pair wants to break the resistances and create a new highs.

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