AS YOU CAN SEE FROM THE 4H CHART WE HAVEA TRIANGLE PATTERN FORMATION. This should breakout the same distance and the entrance depth of the triangle which is 342pips bringing it back to the previous high. The fundamental direction of this currency pair is still bullish with the FED looking to raise rates and recent data from the BoJ leaning more towards pressure for further QQE. Learn more about how I trade boafx.com