The chart shows the JPY weighted index on a daily time frame, creating a bearish bat harmonic pattern.
Furthermore, the last 3 daily candles together have formed a three pin pattern (Evening Star formation) indicating bearish reversal.
I expect JPY to start showing signs of weakness in the next couple weeks across the board, meaning potential XXXJPY buys.
I think this could go either way. I am looking for a retest of the green trend line and then either a buy riding up to the next hourly resistence line or a sell down to the support then a restest of that and then back up on a mini bull back up to trend which is probably more likely.
After a minor degree of wave analysis, I am noticing completion of a impulsive 5 wave move to the downside... A BUY here to ride correction Wave A would be adventurous due to the strength and price drop in the impulsive waves!??
Only my personal opinion...