After August's low volatility and the Dax stuck in a range, the 10800 level will be make or break. A push through it on the daily close could get us to 11400, a strong rejection could lead to a good short oportunity on a double top.
USDJPY is pointing upwards in every regard (technicals on different time frames, overall market situation) now an entry must be found. A retrace backwards would be preferrable. If we get or not, patience is king! If its gone its gone without losing any of your balance.
With the hard rejection at the confluence point it remains to be seen if it can make another push up. If so entry points would be the break of the recent high or a etest of the trendlines, depending on the PA.
Just a reminder that we just started our way down and 1,10 might be hit within the next days/weeks. Proffed to be an important level in the past, so will be worth watching PA closeley once we are there
Textbook H&S in the process here. Right at the big Brexit bar which is disturbing, but on the other han could help the pattern as it will take years to take place and everything could go back to "default".