The breakout within last two weeks has seen the yen made higher higher, before reversing downward over the past two days at a key horizontal, Fibonacci and trendline resistance level. The Yen form double tops before reversing. Today, the Yen has bounce off the support of a rising channel, which supports the Intermediate Daily trend, and Primary 4-Hour trend. Using Mean Reversion Strategy, the Yen forms a market structure low inside a regression channel, likely to back to the top, with the first take profit at the middle of the channel. The Support is a strong support, and the reversal candle stick has made an impulsive move over the last hour, signaling a rally in sight
