Since the US Index (DXY) has failed to break the V-shape at around 97.32 and the price has tried to break out of the 107.230 level for almost 3 weeks. I anticipate a fluid move in the USD/JPY pair for this week with the 80% probability of Long position towards 108.335 level.
Comment:
Just minutes after this update the odds were correct. The next steps is to manage the position carefully. Market will be fluid this weak there's a lot of breakout set ups that are in 80% probability of materializing.