【BTCJPY】A development around 700,000 yen with direction lost

In the post dated August 15 titled “BTCJPY: Range around 7,000,000 yen as the market level” I explained that the focus would likely be on a range centered around 700,000 yen, with the upper bound around 750,000 yen and the lower bound around 650,000 yen. In reality, there was an attempt to move above the market level, briefly entering the 730,000 yen range, but it was pushed back with a long upper wick. It still appears to be in a range centered around 700,000 yen.