Usd/Jpy Singapore Sling @10/30

After setting new highs in October, the dollar is teasing the bears again by doing a 3 yen liquidity dip to m/t support here prior to another go at the 120's..
The Dollar turning up anywhere within this 117/116 m/t support band would have very bullish implications as it would form a mini Sling within the main m/t Singapore Sling formation retargeting 120+ near term with potential upside acceleration up to the 121.50/122 zones..

Usd/Jpy Monthly & Weekly click to enlarge

Path of the Euro at 10/16

21 Week ma Penetrated & Falling..
Increased Weekly volatilities with -'ve bias after another Rejection at 1.28 suggests some S/T 1.30+ bulls may had throw in the towel..
Weeklies below 1.2600---> 1.2388-> 1.2300~~> 1.2150 near term..

click to enlarge

Usd/Jpy L/T Trendlines

DollarYen 118 soon to be a distant memory..

25 year trendline from 1982 referenced to 1/02 taken out on 7/05 down @112
17 year trendline from 1989 refrenced to 7/98 currently @130
17 year trendline from 1989 refrenced to 1/02 currently @125

click to enlarge the art of the Lines: