FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
If we take a look at the daily market structure we can see price break the previous high making a shift (change of direction) where we can see how the Bulls start to come in strong and the Bears start to lose strength.
as for the 4hr TF I've drawn a flag (continuation pattern), this flag is the actual pullback from the daily TF. I would wait for a break of structure in the 4hr TF and take it from there.
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