Watch break out for sell setup. Price is in middle of nowhere, if you are trading yen pairs, perhaps consider this one )
It is my trading experience, not a trade call or signal.
Good luck & trade with care!
Double re-test of the 50% fib with failed breaks and an exhausted wick on Friday's candle suggest downside potential and a test of the next weekly support (blue line).
Price action can either head down for a test or correct back towards 1.13 before correcting downwards.