【BTCJPY】Breaks upward out of the prolonged consolidation.

In the post dated August 24 titled "【BTCJPY】 Approaching the extension of the inverse head and shoulders neckline," I noted that it would come close to the neckline level of the former inverse head and shoulders, and that the battle around this level would become of interest. In reality, on the 24th it broke upward and formed a bullish candle, and since then it has been possible for that level to act as support. Looking at the moving averages for 5, 25, and 75 days, the 5-day line is crossing above the 25-day line, and is also attempting to cross above the 75-day line. Furthermore, the RSI has been hovering above the 50 line. From these observations, it seems likely that it has emerged from the long period of range between 650,000 and 750,000 yen.