Long-Term Reversal Candidate Also a Short-Term Range

FX:USDJPY   U.S. Dollar / Japanese Yen
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I have looked at USDJPY             through its 'risk' lens exclusively over the past months and have missed out on considerable potential in the short-term. Over the past weeks, there has been a remarkably consistent range which I have overlooked awaiting for the eventual collapse in speculative risk trends - which will likely pull down all Yen crosses. So long as risk trends don't see the floor drop out, this congestion may hold.
Your horizontal level lines up with very strong vix spikes that were retraced instantly by 75% at the top of the rebound.
Powerful levels to monitor. This and earning season ranges as well, and options expiration dates.
Do you have a similar chart for EURUSD? Maybe you can go into more detail about this analysis.
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