It is the most interesting situation for me this week on market.
We got strange moves here and this is my technical analysis.
H2 Chart the price is in trouble strong resistance and its looks like this resistance are very strong.
Also, the price is now in an upward channel weekly but it looks like to check the lower level of this channel maybe.
This Downside Line...
I think that it is likely that USD/JPY will trade in a range because there is a strong resistance at 105.54 with fib 50% level confluence and because USD/JPY's price chart has made similar paths up twice and i think it is likely that it will do it the third time, history tends to approximately repeat itself. My bias of USD/JPY is short for about a week or till it...