JPY has gained some recent strength this past week which may continue its run later on in this upcoming week. Looking at the HTF, price is moving within a rising wedge structure also near a double top range that tells us a reversal is developing. Looking at the LTF, price impulsively broke out of a flag pattern structure creating higher highs and higher lows indicating we still have further development on this correction before completed. I will be interested in a sell position only if bearish price action is confirmed.
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