Comments on the chart
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Price initially fell today but recovered by the 'close' keeping the idea in play. The stock market closed strong today. This 'risk on' environment favors a rise in the UsdJpy which in turn could move the xxxJpy pairs up
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Price retreated today as thee JPY strength was overwhelming. The idea is still on. Only just. A breakdown below the lower border of the structure around 147.65 is not good. This pair is really oversold
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We have upside breakout...
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We are now playing with double top issues here. While I am looking for more upside I decided to cut and run. Idea has played out well