Recently, the USD/JPY pair has been trading upwards. The price tested the level of 111.52. According to the H1 time - frame I found potential bearish bar pattern in creation, which represents that you should watch for selling opportunities. Anyway, the sell zone is set around the price of 111.70 (Fibonacci retracement 88.6%). Watch for potential rejection of the sell zone to enter sell position. The downward targets are set at the price of 111.20 and at the price of 110.85.
