USDJPY At Monthly Candle Close Resistance and Bearish Butterfly
Updated
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:
Here below you can see the Monthly S/R zone:
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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. Note
To go along with the Bullish Butterfly on the JPY we also have a Bearish Deep Crab on the DXY that i just spotted: 
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