After US GDP that includes shutdown-NFP during September, I assume it will fly - Japan has been prepared for this number that shocked during last May.
1) Trading Volume is abnormally increased for this pair recently.
2) Triangle will be broken to upside.
I see at least 300-500 pips within next 2 months. More likely in Nov than Dec.
It could go straight 103 or 104 like last May but more likely it might be controlled for steady speed to go up, too. Or it could do overshooting 105 then comes down.
1) Trading Volume is abnormally increased for this pair recently.
2) Triangle will be broken to upside.
I see at least 300-500 pips within next 2 months. More likely in Nov than Dec.
It could go straight 103 or 104 like last May but more likely it might be controlled for steady speed to go up, too. Or it could do overshooting 105 then comes down.