USDJPY - 240 - Something like this?

Markets are a bit indecisive at the moment. But USDJPY has drawn this familiar pattern.

If this proves to be correct, the potential upside target would be around 113.500 (+/- 0.1).

Wait for a close above the "neckline".

I will totally scrap this idea, if the price falls back below 112.500.

Be careful and keep an eye on the price action!