VasilyTrader

USDJPY: Important Breakout & Bearish Continuation

Short
FX:USDJPY   U.S. Dollar / Japanese Yen

USDJPY finally broke and closed below 104.0 major structure support on 3d/d timeframes.
now this structure turned to resistance.

In my view this breakout defines midterm/long-term sentiment on the pair and sellers will push lower.

we can not define the exact time horizon for now, but the next goals for sellers are:
103.1
101.2

(it is not a trading recommendation, I will be looking for a retest of the broken level first to join this short rally)

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