What is interesting is the fact that this corrective rally terminated at the low/open zone of 4/22/16 at 109.261-109.451. 109.463 was the 61.8% retracement
of the last sharp move down. Chikou span is facing possible resistance @ this level. Obviously without prices breaking below 105.549 or above 111.882 Kijun-sen is going to flat-line for at least the next 16 bars(days) If this breaks 105.549, we should see 103.839. For now, I would wait for the momentum to push southward and close below the Tenkan-sen, and for volume
to pick up again as I suspect this pair to bounce around between the Tenkan-sen and Kijun-sen for the next few days. Breaking below the TS
could beget a new entry.