Similarly to around the same time last year when USDJPY was at these levels, it had developed a 3 Line Strike at the PCZ of a Bearish Harmonic, and if it goes like last year, this will result in at least a few months of downside on this pairing.
There is also some Bearish Divergence formed on the RSI at this level.
Additionally, there is a much bigger Macro Bearish Butterfly setup that can be seen here:
There is also some Bearish Divergence formed on the RSI at this level.
Additionally, there is a much bigger Macro Bearish Butterfly setup that can be seen here:
