Current price: 145.80
Key point: 145.10
Our preferred direction: short positions below 145.10, targeting 143.90 as a first target, then 142.00 as a second target.
Alternative scenario: stop loss and change direction by breaking 145.10, targeting 147.00
Technical comment
The dollar yen pair created a harmonic alt bat pattern on the H4 time frame, and the activation of the pattern is confirmed by breaching the support level 145.10. If this condition is met, the price will drop to 143.90, then 142.00. But if it breaches the resistance level of 146.50, it will complete its bullish trend, and the pattern will be invalid
