As we can see on the chart Yen is very strong against Dollar ever since May and earlier. Price is currently in consolidation and it is possible for A-B-C flat correction beofre another impulse to down side or Zig-Zag correction if Dollar gets stronger. Updates on lower time frame.
הערה:
Lower time frame shows down presurre. Possible harmonic move.
הערה:
Price lost momentum to down side which could indicates change in corrective pattern. In this case price is most likely forming Zig-Zag correction.
הערה:
4 hour chart gives better perspective and better look of what is structure doing like pieces of the puzzle.
הערה:
Fundamentals... Still it was around 350 pip move on break out of contracting triangle
הערה:
Price completed Expanded Flat Correction now we should see down move with short opportunities.
הערה:
More sell opportunity.