FX:USDJPY   U.S. Dollar/Japanese Yen
65 0 1
The action-reaction lines are better seen in this weekly chart compared to the monthly analyses. The final reaction of the price has led to the forming of the symmetrical triangle whose apex coincides with the ML. Breakout may occur to the both sides, and in either case, what that breakout will indicate will be more significant than the breakout itself. Stoch forms a reliable channel beginning from the September 2014 top, and the random-walk like structure therein should be invalidated as the breakout of the symmetrical triangle in price occurred. Both bearish and bullish scenarios could be supported by respective EW countings, which are to be used after the breakout occurs.
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