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RizeSenpai

USDJPY At Monthly Candle Close Resistance and Bearish Butterfly

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
RizeSenpai Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Technical Indicators supportandresistancezones Bearish Butterfly USD DXY jpy yen bearishdivergence
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trendanalysis harmonicpatterns indicator supportandresistancezones bearishbutterfly usd dxy jpy yen bearishdivergence
USDJPY is slightly above the PCZ of a Bearish Butterfly and right at Monthly Candle Close Resistance with Bearish Divergence on both the MACD and RSI this will be the last line of defense for the JPY.

Here below you can see the Monthly S/R zone:
snapshot
Trade active:
As can be seen here a Bullish 3 Line Strike has fromed on the Daily Timeframe Just above the 1.618 PCZ of our Bearish Butterfly. If all goes well we should not go any higher from here.
snapshot
Comment:
To go along with the Bullish Butterfly on the JPY we also have a Bearish Deep Crab on the DXY that i just spotted:
snapshot

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