FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

Today, the yen has almost a classic bearish setup, opening almost at the balance, with the Value Area Low (VAL) and Point of Control (POC) below the balance. The lower boundary is not moving much in this ensemble; it dropped below today, which is the only downside. However, the price touched the POC in the morning and then started to move upwards. So, if it continues without stopping and breaks above yesterday's high, we might see a new high today. Of course, this might happen during the American session.