Potential triple top on daily time frame forming on the pair, drop has been anticipated for some time and is now testing a key level; should it break through we could see it approach 110 on the long term.
JPY safe haven
Testing previous lows; bearish tone for past 2 weeks dropping in excess of 200 pips;
Two potential scenarios:
1) buyers begin to take control- need clear confirmation on higher time frame
2) sellers continue pushing the pair lower
-4hr seems to show early signs of rejection with buyers starting to take control therefore the bias is a long.