holeyprofit

Potentially a large bearish butterfly in USDJPY

Short
FX:USDJPY   Dollar Américain / Yen japonais
We've been in a hyper parabolic leg in this for a while. It's gotten a lot of attention and been well supported by news.

This has taken us up to the butterfly extension levels. Here we have a major make or break level for the USDJPY.

A spectacular turn could be on the cards here. If this level fails to turn the USDJPY, I'd be strongly bullish on it.


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