Over the last days the xxxJPY pairs have made a significant drop and has made me some good profits. We can see a slight and slow retracement. This usually means that the bears are recharging their strength.
Trend continuation. JPY has been very strong, enjoy it while it lasts
Trendline of the retracement has been broken on the 4h
Previous structure are the high, that it failed to break (please see below in comments for the bigger view)