The analysis showed a strong upward movement in Week 14, however, it is also showing the pair has overextended the move. Currently, we are seeing 7 levels of rise and JPY pairs usually have extended move as compared to other pairs. (We can count it as 6 levels).
The extended move usually throws a lucrative signal for reversal trades but would have ended up a false reversal pattern. I am definitely one of those traders being caught by the extended movement of the pair.
The analysis would be now pointing towards a week for Week 15, which I will be monitoring and take a short position if signals are available.
I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!