This is a Situation Chart of the present USD/JPY.
147.67---124.14 Line & 124.14---105.44 Line are very strong supportive lines.
Since declining from 107.49, it is still above Fanline 3 which means maintaining
being bullish, and First Pink descending line was already breakout.
Between Fanline 2 & 3, it means a sideways consolidation for a while.
I would say that USD/JPY is going upward, and when it goes above 103.00
(triangle closing ) approx. Sep.19, it should be very bullish
147.67---124.14 Line & 124.14---105.44 Line are very strong supportive lines.
Since declining from 107.49, it is still above Fanline 3 which means maintaining
being bullish, and First Pink descending line was already breakout.
Between Fanline 2 & 3, it means a sideways consolidation for a while.
I would say that USD/JPY is going upward, and when it goes above 103.00
(triangle closing ) approx. Sep.19, it should be very bullish