USDJPY is inside long term consolidation and break down opens a possibility for the drop to 104.00 levels. On the smaller time frames there are some indications of the bounce from the current lower consolidations line and my money would be on the bulls side. At least to 114.00 levels for now. Once that line will be broken I will start selling again, at the moment small amount is on the long side.
Comment:
Line is decisively broken, but price stopped on the long term support at 109.00 Further decline should be logical outcome unless here we will see some reversal pattern.
