Day 14! A bit over a week left of just this type of work.
This is kind of a weird day for the Yen. Yesterday was a pull back off the Month Open, but if you see the Purple bar, that's the Order Block & 70.5% OTE from the previous Swing points.
I was trying to figure out what was going on, then I realized that when the previous Swing Low was set during the CDR, I was surprised. But I wasn't the only one. The London crowd got 0 chance to price in their Orders at that level. So they bounced off the Month Open, then drop it back down. It's rare for their to be a move during the London Sessions on the USDJPY (the major volume is Asian Kill Zone & New York Open), but the London zones will make runs back to previous pricing, before taking off.
Also, the USDX has been running higher, while the Yen is just lagging around. Something is fishy. Plus, today looks like a formation that I've seen noticing more & more, which I call a "Yen Flag". We'll see if it holds. Could be a nice buying opportunity.