Hello traders, it appears USD/JPY is now forming a bearish cypher pattern on the 4h chart. This is an excellent opportunity with a potential 350+ pip return!
The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786
I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.
Remember we have a lot of high impact news over the next week.
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It's great to see everyone making profit off my analysis whilst I was away, keep up the good work!