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USD/JPY Break or Bounce?

U.S. Dollar / Japanese Yen (FX:USDJPY)  
ThinkingAntsOk  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis USD jpy USDJPY LONG Bullish Patterns short Bearish Patterns
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trendanalysis supportandresistance mtfa usd jpy usdjpy long bullish short bearish
🔸DAILY CHART EXPLANATION:
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🔸Price has been moving on a range since August.
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🔸At this moment it is facing the Support Zone.
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🔸We have two possible scenarios here. The bullish one, where we expect a move towards the Resistance Zone, and the bearish one, where we expect a breakout of the Support Zone and a downside move towards the next Support.
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🔸None of the setups is ready yet, since we are waiting for some confirmations on a lower timeframe.
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