Obviously this is not the be all and end all of behaviour but I think the pair will ALWAYS gravitate to an expression of them. Not being a huge subscriber to horizontal analysis, to me these repeating lines are the nearest thing to a Holy Grail :) Clearly it did a classic channel change/breakout at the end of last year, and even though it's in a new area these lines are in effect. This isn't detailed enough to see but I think it may well have already begun to delineate a set course for a long term , (though that is very dependant on JGB rates, not looking great at the mo). I do think it's close to crux point, (as across many markets). All I would say is, for the longer hours and daily, Bulls, certainly for this week trade with extreme caution.
Generally, will everything be normal by the end of this week? I don't think so!