DislikedAnyone can take a few seconds to give me some suggestion for this please? I don't know how to handle this kind of situation.... Thanks.Ignored
Second, looking at a 4 hour chart, you can see that 129.85 has been in play a number of time over the past few months.
So it's a key support level for the long-term direction of the pair, and zooming down to 5 minutes misses this entirely. It is not unexpected to see lots of consolidative buying at such a level, which would only confirm the reversal rather than be a cause of concern. Trends and reversals start slowly.
Hope that helps.
PS. The 94.50 area plays a similar role for USDJPY, and both have been in play simultaneously. So expect this kind of behaviour. And take a look at a USDJPY 5 minute chart of today and try to make sense of it without the long-term picture.