Context:
Usd/Jpy trade within a range with support @118.600 and resistance beeing 120.400
price respected resistance yet again , but price managed to reject somewaht slightly
before the support level @119.05 a former middlepoint of a minor range and formed a higher low
we are currently on the way to test resistance yet again.
signs of strenght:
strong rally
support holds
higher low
signs of weakness:
resistance holds