USDJPY has reached, for the 3rd time, a major support level, and consolidating. The chart says it wants to go higher from here, but world events are causing the VXX up, volatility, and that is either supressing the next leg up, or will cause a break of trend up, and if it does that, we have two targets to head downside for, and a whole new look at this market. 3rd case, we just tread this line for a while, waiting for a catalyst, which could be the first signifiacnt earnings reports, setting the tone for the next 2 weeks, which BTW, could be the most significant earnings reports in years. THESE NEXT TWO WEEKS ARE HUGE, JUST HUGE, AND WATCHING EARNINGS WITH VOLATILITY, could be a day trader's dream.
