USDJPY-Weekly Market Analysis-Aug22,Wk2

With no mistake, USDJPY is on a Bullish Trend, but that doesn't mean we can't look for a counter-trend trading opportunity. We have a Bearish Crab Pattern completing at 135.58 on the 1hourly chart.

On the 4-hourly chart, there is a potential Bearish Bat Pattern that has the potential of completing at 136.59.

Knowing that this is a counter-trend setup, a candlestick confirmation is required against a strong bullish trend.