X5

USD/JPY H4 - Possible short setup - Bearish B-Fly

Short
X5  
FX:USDJPY   U.S. Dollar / Japanese Yen
The price will pressure channel resistance, a bearish B-Fly pattern can be projected. Bearish divergence is already present and we'll see if a reversal bar pattern presents itself inside PRZ box and, of course, the bear divergence remains.

Note: keep in mind the high speculation of hike rate in US
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.