Most XXXJPY pairs are well overdue a correction, this does not mean they will turn bearish, it simply means a correction is needed to gather more liquidity before shooting off again.
Ideally, I would like to locate sells from the daily established supply. However, I won't rule out the possibility of a final liquidity sweep above the high before sellers enter.
Alerts have been set and the team will be notified when the time is right.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬