theselfishtrader

USDJPY - Short Opportunity

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Following a deep break of support, price retraced back above support, but this pair is still looking weak (see hourly).
I am expecting a continuation of the recent weakness in this pair, and will be watching keenly tomorrow's price action on the lower timeframes.
Decent targets would be around the 38.2% Fibonacci level.