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ForextionEight
Apr 10, 2015 9:10 AM

POTENTIAL Cypher USDJPY Long

U.S. Dollar/Japanese YenFXCM

Description

There is a POTENTIAL for a Cypher pattern completion in the USDJPY pair. Good probability that it may complete today IMHO.

BUY at 119.790 BUT for agressive trader's, you may want to go ahead and buy at the B point (119.849) since it is so close to the D point completion. May reverse there using the B point as resistance.

The completion of this Cypher is within an area of several previous S/R levels.

Good luck!
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