USDJPY: Price still in consolidation

Price respected the support structure several times last week, bouncing in between the 118.35 to 119.20 region. Similar to the EURJPY pair, we prefer to wait for more confirmation signals to trade this pair. However, for pattern traders, we do have a potential Bat pattern forming around the 120.20 level.

I would love to hear your opinion, feel free to comment, agree or disagree.

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KY