as we can see here on the USD/JPY
chart that the market has now entered back into previously trending areas. from before the market had been previously trending on a strong support trend line
. then this area had been broken and momentum moved to the downside, to then hit and bounce off another support line. after this move, the market came back up and moved back above the previously broken support. from the current market state, we can see that the market has now got strong upside momentum and now tested above the support line with long wicked candles. due to this type of climbing pattern, we will wait to see if the market will show more signs of strong structure, before looking for potential bullish
movement to take the market into new upside areas.