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USD/JPY: Heavy Bank Selling seen

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
WallStreetIntelligence  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis USDJPY Forex majors usdjpyshort FOMC USD wallstreetintelligence
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trendanalysis chartpattern waveanalysis usdjpy forex majors usdjpyshort fomc usd wallstreetintelligence
USD/JPY: Heavy Bank Selling seen


- POC above current price levels
- Heavy Volume during last sell-off
- Symmetrical triangle broken
- Lower lows and lower highs

We have to watch ONE risk factor and that is the FOMC Minutes tonight. However, the technical landscape is clear and USD/JPY is likey to fall further furing the next days.

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