Nikkei selling for end of year tax-loss/closing of books is pushing usdjpy further than expected. Both DXY and JXY are not reacting in this way. I expect a test of support ~117.20. if t closes both. potential reversal (ie no other fundamentals have changed)
so far this is behaving almost exactly like break out/ retest pattern.
yellow is 4hr orderblocks.
failing this 117 is the next level of real support but i would just watch in that area because 117 would break the up trendline from the last low that was put in.
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for my own record, this trade yielded about 10 pips and caught by my trailing stop