[ETHJPY] Break below support

In the July 29 post titled “【ETHJPY】The Battle Around the Upper Resistance Line,” I focused on a triangle consolidation formed between the upper resistance line connecting the May 6 high and the July 17 high on the daily chart, and the lower support line connecting the March 30 low, etc. I discussed the possibility that price might touch the upper resistance and, if a breakout occurs, whether it would be a single candle breakout or a gradual one. I noted that movement. However, in reality, on August 1 price touched the lower support line and formed a relatively long bearish candle, breaking the downside. It has not recovered this level, so going forward it may be necessary to view price action under the assumption that the former support became resistance (s/r flip) and watch how the movement unfolds.