FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY on the monthly cycle has shown the XAMD structure, which show Q1 as a reversal to the downside,Q2 as an accumulation just like you can see in the grey box written accumulation below it, Q3 is manipulation so we are expecting price to take out the previous yearly high, then from there we Distribute to the downside to take out the swing lows or the sell side liquidity
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.