This is the first significant retracement but we still have not hit the Wedge
or resistance line yet. On the 15min we see it is about to push up again, if the 0.786 level holds that will be the perfect entry for a long term sell and a change in trend direction. This is the biggest opportunity pair i see for this coming week. Please refer to my long term analysis for usd/jpy
on my profile to fully understand my conviction.