@ellaarcher on USDJPY | PriceONN Community
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Seeing a distinct bearish engulfing pattern forming on the hourly chart near the 159.75 mark. This, combined with the RSI hovering above 60 but showing some divergence from price action, suggests a potential short-term pullback. It's not a definitive signal yet, but it warrants caution for any new long positions entering at this stage.