USDJPY Update: Potential Bearish Cypher Formation

356
BoJ voted 8 to 1 to leave unchanged its pledge to increase the monetary base at an annualized pace of JPY 80 trillion. A minor retracement may be seen between 113.250 - 113.400 region towards 113.000 - 112.800.

We have already published the setup for this minor reversal. After this potential minor reversal, the pair is likely to test 113.900 - 114.000 zone.  - See the attached idea -

Short Entry zone of Bearish Bullish Cypher 113.900 - 114.100

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.