YEN:
There are currently 3 possible major support zones seen on 60M chart. The dominant structure has a supershallow retracement, which is bearish. However, the skewing is strongly to the left which signals weak momentum. You may see decent bounces in these support zones, but the overall trend is still down. Don't overstay your welcome if going long.
There are 3 possible resistance zones shaping up on the 60M chart. The dominant structure has supershallow retracement, which signals bullish strength. If long, these can be good areas to take profits. The market is currently near the first resistance area. I don't expect much of a reaction, but news is pending. Resistance 3 is the strongest zone and will be tough to break without a decent correction.
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