It is so hard to say it is so....
All eyes are on the USDJPY which has been in a ridiculously narrow trading range. I can say that the low close going back to September 7th is 119.72 and the price is now below that level. I can also state that the lower trend line (this might be debated as I ignore the US employment rejected spike lower) has also been broken at the 119.70 level currently.
Now in September there were lower levels, but those dips (post Sept 7th) left big bar tails. The market does not want to see that happen again.
So watch if the price can stay below the 119.72 level and keep those long tails from showing their ugly head again....119.24, 119.21 and 119.05 are the lows from the 2nd half of September. The Unemployment low went to 118.67
