That's just how it goes with the Yen sometimes. Without a load of economic data it can get a little stagnant in the AM.
However, there's important lesson of patience being learnt.
Right now we can see that the green ema is attempting to cross back above the red. This could provide a little buy opportunity in the next few candles if it can continue.
One thing to bear in mind is that this has travelled in excess of 500 ticks over the past couple of weeks, the medium term blue ema is quite a distance from the purple/lilac long term ema.
There's room for a trade here I believe.
Since the green has yet to cross above the red it's still a short distance off. Maybe 2-3 candles.
Looking at the 1m with verify that the light blue (green on 15m) is still below the red.
I might play around with the colours of the averages on the 1m so it becomes more of a match when switching between the two.
For now we need to watch the sky-blue cut above the red, wait for all the 5 averages to align in a nice formation, MFI in the positive and boom, away we go.
If it's going to happen I would envisage an entry around the 9.890 level or just above providing everything is in order.
It's not going to happen right away, but one to watch out for.
Have a good day
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