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USDJPY Broke Out Of Its Ascending Support

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ICmarkets Broker  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY USD jpy usdjpyshort Forex forexsignals Bitcoin (Cryptocurrency) bitcoinforecast
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trendanalysis harmonicpatterns chartpattern usdjpy usd jpy usdjpyshort forex forexsignals bitcoin bitcoinforecast
USDJPY broke out of its ascending support where it is now testing its resistance at 107.142. Prices could potentially push down all the way to its support at 106.649 (38.2% Fibonacci retracement, horizontal overlap support).
RSI (55) shows a corresponding break out where we expect to see a similar drop.
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