USD / JPY - D1
Long trend and medium-term short correction. The price makes a multiple unsuccessful break attempts forming three consecutive pin bars with queues larger than the bodies, Bears couldn't press for a break at the current level, and probably the price will rebound north direction.
Price Action: Pin Bar on support level.
Indicator: 50% Fibo test, 50SMA test, the price sharply bounces off the levels and stays on above. Stochastic turns over 0.2 - giving signal for end of the correction.
SL: 108
Alternative Scenarios: Confirmed breakthrough of 50% Fibo means that current support is unsustainable and probably the price will be headed for a bottom test, about 104.5
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