The bounces in yen pairs look awfully dead cat-ish
A bounce of around 100 pips is often not something to be sniffed at but when it comes in a yen cross like GBPJPY, that's no indication of a reversal.
There's a similar story in the other yen pairs and in USDJPY ad EURJPY, the bounces have run into trouble at old support turned resistance.
Yen pairs 15m charts
Those levels in question are significant on an intraday basis and while the price remains below, the downside pressure is maintained. At the moment there's few reasons to see a sustained bounce so until the PA says otherwise, the boundaries are set between the lows and the bounce highs.
