How about this one?
The USDJPY price action has not proven that the sellers can take back control. Yes there were sellers against the 50% level at 112.44 area (off the daily chart - click here for prior posts), but the corrective move could only get to the just above the 38.2% of the move up (see 1 minute chart below). A new leg higher has started with the 112.60-69 now support.
Looking at the hourly chart, the pair has approached the next target. That comes in at the 113.04 level. This is the topside trend line with 4 other points on it (see chart below).
