USDJPY 4Hr
The USDJPY has formed a bearish gartley butterfly pattern. It has completed the 1.618 extention of wave B and a decrease in upward momentum can also be observed as their is RSI divergence. Prices are expected to fall, an important level to watch is 103.82 as a solid close below this level would indicate that the bears are gaining control and the next levels to watch would be 103.45 (weekly pivot) and 102.9.
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