We see price has been in an uptrend for some time, however if it breaks the channel, we want to look for a channel retest then drop for the sell or price will go back into the uptrending channel. The highest price might go up to 114, if it re enters the channel, we can look for a buy. Also to buy, USD needs to gain strength in the currency and the JPY should weaken and vice versa for a sell.
Trend Analysis

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