EURJPY 4H Analysis - Harmonic Butterfly Pattern + Key Support & EUR/JPYOANDA:EURJPYAurex-finance-excosystemThe chart has formed a clear Harmonic Butterfly Pattern (X-A-B-C-D): X-A: Initial impulsive leg A-B: Retracement B-C: Extended move C-D: Final leg completing the Butterfly at Point D The Butterfly pattern is now complete at the 1.272 - 1.618 extension zone, which is the classic completion area for this pattern. This often signals a high-probability reversal. Key Support & Resistance Levels: Major Resistance: 186.056 (Point D - Pattern Completion) Immediate Resistance: 185.809 (Current Price Area) Strong Support: 184.932 Secondary Support: 184.304 (Deeper Support) Technical Outlook: Price has reached the D leg of the Butterfly pattern at a significant resistance zone. This area often acts as a major turning point. We are currently seeing reaction around the 185.80 - 186.05 zone. A rejection from Point D would confirm the Butterfly reversal and open the door for a bearish move toward the support levels at 184.93 and 184.30. The structure suggests potential bearish reversal from the completed Butterfly pattern, provided we get confirmation (such as a lower high or breakdown below recent structure). Key Levels Summary: Resistance: 186.056 (D) → 186.50 Support: 184.932 → 184.304 Invalidation: Strong breakout and close above 186.056 (would invalidate the bearish Butterfly setup) Pure technical analysis only.