USD.JPY - BEARISH CYPHER SETUP - 115.938On the USD.JPY 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 115.938 & 116.864
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 113.200
Stop loss would be placed above X leg structure resistance.
Target 1 - 114.640
Target 2 - 113.848
