Overall I am short on USDJPY long term and still have short positions in, but I am seeing a nice little long opportunity to complete the retracement that USDJPY needs. We have found support at 108.850 which is the 88.6% level of a daily bullish fib. I am looking for price to retrace up to the 4hr 50 ema which is the 200 ema on the hourly chart. Price has broken out of hourly consolidation and has retested support of the consolidation as well as the 38.2% hourly bullish fib. For targets I am aiming for the duplication of the consolidation range as well as the the completion of the Bat pattern which is lining up nicely to meet the 200 hourly ema.