10-Year Bearish Cypher Pattern in UJ done - watch for selloff

A 10+ year cypher pattern has been completed on the USDJPY chart, indicating a strong bearish move could be up ahead. Considering the multimonth uptrend, there is a high probability of a massive drop happening. However, a harmonic pattern by itself is not a sufficient amount of analysis to initiate a trade - but it can provide significant weight to a bias. With Cypher patterns being fairly rare and especially powerful on longer time frames, there is significant weight to the downside with this pattern.