AMTrader

USD/JPY Potential Bearish Butterfly

FX:USDJPY   U.S. Dollar / Japanese Yen
Bearish butterfly pattern on daily time frame. I would only enter once price breaks below 112.510/13; taking
into consideration that the Yen's interest rate is unchanged at -0.10% and a potential rate hike is still in
the cards for the USD, I cant imagine this pair going down much lower than 112.500, but who knows.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.