Luke220600

USDJPY TECHNICAL ANALYSIS; BEARISH VIEW

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY currently in a bearish channel, higher risk currencies instead are in a bullish continuation. From my technical analysis I expect price to move down to key level 103.300 finding a strong support. If price is able to respect the bearish trend line and key level 103.300 becomes resistance we can probably see a further down move to 102.960 and 102.610, until making a new lower low.
I will keep my analysis updated. Stay tuned for possible position opening.
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