The price reaches a zone of horizontal resistance that is trying to break but for now the movement seems to lose strength.
Technically, the levels are quite strong and will probably awaken the bears - diagonal and horizontal resistance. In support of the probability of correction of the upward trend is also reaching the 161.8 Fibonacci level of the previous corrective movement.
DeM (14) rotates over 0.7 in an overbought market - a negative signal.
Today is Friday, and uncertainty can lead to profits taking from the long positions of the dollar, which in turn bolster the likelihood of a short-term southward move.
Last night's Trump's comments and commercial rhetoric support the likelihood of market uncertainty, which may support the JPY.
Alternative Scenario: A higher peak and a strong upward impulse will spoil the negative scenario.
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