DislikedHi. My view is that we might test again the 62% retracement of the last wave down. This retracement level of 82,50jpy was tested twice before(brown arrows). MA50 is also a resistance (still haven't closed above it).
Lets see what happens.
Cheers
MarketInvestorIgnored
I am not sure about going up before dropping.
Looking at the 15M chart it looks like a head and shoulders forming. The right shoulder is just finishing and if it completes will go down to 81.36.