its already in a breakout zone...it either retests the zone or go long.
we wait patiently for price to break through the support...the way it did before. then i think its a long sell
after hitting the resistance the trend goes bearish, and using fibonacci retracement its on a reversal trend and heading bearish will encounter some pull ups and will hit 0.9700.........(my thoughts)
The analysis above indicates that the USDJPY would encounter a bearish trend on a long run.
Probably a long term sell market according to my analysis.
