Huraian
⋅ If you are trading today's NFP later, you might also want to take note of few potential technical setups we have on USDJPY.
We have a bearish setup - butterfly with completion at 114.90; and a bullish setup - bat pattern with a completion at 112.40.
Currently price is in a consolidation triangle pattern. Breakout traders can trade the breakout with NFP as the potential catalyst.