The USD/JPY price edged higher in latest intraday trading, about to finish a harmonic pattern that’s forming in the short term, the Gartley pattern, which is a negative pattern and boosts the odds of decline, especially as a negative divergence starts to form in the Stochastic on the daily frame.

 

It comes as the price trades within an ascending correctional price channel, while trading above the 50-candle SMA.