The dollar is trying to impose its strength against the Japanese yen for the past few days, nevertheless, the dollar failed to break the swing high of 27th Sep. at 113.25 which you can sense the exhaustion of the dollar in here, especially that the pair is testing a significant trend line as a resistance.
with that being said, it'd be better to see a a break out the symmetrical triangle to determine the direction of the market in the short run.
Although the big picture of of this market remains bullish, however, because of the current consolidation, it'd be better to close above 113.60 to see some rallies toward the next resistance level at 114.35 level.
on the other hand the market may test 11.40 level if the the dollar breaks underneath 112.20 handles.
with that being said, it'd be better to see a a break out the symmetrical triangle to determine the direction of the market in the short run.
Although the big picture of of this market remains bullish, however, because of the current consolidation, it'd be better to close above 113.60 to see some rallies toward the next resistance level at 114.35 level.
on the other hand the market may test 11.40 level if the the dollar breaks underneath 112.20 handles.