The 101/103 range persists in $JPY. Friday, a bullish shooting star candle reversed early losses; a follow through today indicates at least a minor bottom at 101.51 but ultimately a rally/close through 103.10 is needed to resolve this long-term range. S/t, a bull flag has formed above wedge resistance and this is supportive of further strength near-term. The target zone for the August wedge & bull flag is between 102.50/70 where retracements and the wedge projection surface. Support is 101.51. Conviction: Med Levels: Support – 102, 101.71, 101.51 Resistance – 102.22, 102.50, 102.72
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