On the 4hr chart USDJPY - a bearish butterfly has formed. Price might retest the resistance at 113 zone before dropping. This is a great zone to look out for bearish evidence before shorting. There was insider information that banks were looking to take price to 114 before dropping it...but i think the bulls are exhausted... Use proper money management.
Trading CFDs involves risk of loss. Trade responsibly and consider your risk tolerance. View and opinion stated here are purely for educational purposes and not to be used as financial advice. #gwg