USD/JPY continues to move in range on the short term, failed to retest the downside line of this extended sideways movement, signaling that the bulls are still in the game and could redeem ground. Price is retesting the minor uptrend and could reach the second warning line (WL2) as well in the upcoming hours. A valid breakout above the WL2 will confirm a broader rebound on the Daily chart. I’ve drawn a minor ascending pitchfork, hoping that I’ll catch an upside momentum. Price retested the lower median line (lml) and now should climb higher.
