Another important thing to consider is tomorrow is the monthly close. If she close below 153.5 (http://trading-u.com/blog/index.php/archives/700) then big TF shift is big down.
I agree with the analysis in the above link if we close below that level on the monthly then she need to drop a long way to find support (due to the breakneck speed she drive up at) and news might move the market rationally again (i.e. up on good news down on bad news, with lots of bad news to come).
Include H4 chart from above link:
http://trading-u.com/blog/wp-content...bpjpy-8-28.png
I agree with the analysis in the above link if we close below that level on the monthly then she need to drop a long way to find support (due to the breakneck speed she drive up at) and news might move the market rationally again (i.e. up on good news down on bad news, with lots of bad news to come).
Include H4 chart from above link:
http://trading-u.com/blog/wp-content...bpjpy-8-28.png