GeminiWealthGroup

Bearish Butterfly on USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
On the 4hr chart USDJPY - a bearish butterfly has formed. Price might retest the resistance at 113 zone before dropping. This is a great zone to look out for bearish evidence before shorting. There was insider information that banks were looking to take price to 114 before dropping it...but i think the bulls are exhausted... Use proper money management.