USDJPY, May 10th 2014

As what I posted on USDJPY, May 8th 2014, a pin bar has created above the support. We didn't see price move higher yet, but the price wants to consolidate a bit here while waiting for a good sentiment to jump higher. We could see a combo of a pin bar followed by coiling inside bar which represent a consolidation phase. If the price keep floating above this key support, we could expect a massive breakout up to the next key resistance.