USDJPY is setting up nicely for a buy. Price has retraced to the 61.8 Fib where it appears to have found some support.
As you can see on my chart we have a double bottom formation on the 61.8 Fib and even more we have what appears to be a inverse H&S pattern forming with the head being the double bottom.
I have placed my order just below the neckline for a bit more of a tighter entry. Target is 80 pips.