USDJPY: A BET ON BREAKOUT FAILURE

For so long as MACD makes no new low, I'd look for a PA signal to long back to inside Trading Range(and possibly beyond)

This setup is nullified, once MACD allows itself to get soo cheap!

" 80% of the time most breakout attempts do fail"
-Dr. Al Brooks

Comment:

No PA rejection signals for buy.
MACD confirmed the low on price= NO TRADE.
Standing aside to study.