USDJPY-Weekly Market Analysis-Jul22,Wk3

A Bearish Gartley Pattern has completed at 136.54; counter-trend traders could wait for a retest to engage the trade.

Trend traders can wait for a Bullish Bat Pattern that is completed on the 1hour chart; that is possible because the USDJPY is in a consolidation phase.

Unlike most pairs, the USDJPY consolidation doesn't necessary means that the market is going to reverse.