Much of my argument is embedded within this picture. The content there speaks for itself. Overall, I withhold a net short position on USDJPY given the technicals for the four hour chart and I think a pull back below this resistance range is in the cards given the technicals.
Beyond Technical AnalysisHarmonic PatternsjapaneseyenjapaneseyenlongjapaneseyneshortTrend AnalysisUSDJPYusdjpylongusdjpyshortyenyenlongyenshort

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