We have a Descending triangle on the USDJPY 4 hour chart. Usually bearish, we need a close above or below the triangle upper\lower green trendline before we can really establish a position. Because of a high possibility of an intervention from the Bank of Japan I highly favor scenario A.
Watch for high volume. Breakout will occur during high (more than usual) activity.
Watch for high volume. Breakout will occur during high (more than usual) activity.