(This is an idea) after playing around. -The current market sentiment is in a downtrend. -Price has already made a Left shoulder & a Head for this structure. -4H chart; Price holds at green zone resistance, so a potential ADAM/ADAM DOUBLE TOP: -Price is below the 200 EMA. -15minute chart: Harmonic pattern formation:
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See the wedge:
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See the triangle:
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Of course, the right shoulder can be smaller and usdjpy can break neckline to go higher. However, I believe its early due to the expanding wedge formation.
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Price has moved significantly higher, could be on the rise.