On the USD/JPY 4h chart we have a potential short opportunity at the D leg completion of a Cypher Pattern.
The price reversal zone on this pair is between 123.429 & 123.747 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 Pattern placed at the .382% and .618% retracement of the C to D move. Stop loss would be placed above X leg structure resistance.