USDJPY - Bigger picture - Minus all the noises..

i.imgur.com/ubZIvrM.png
i.imgur.com/MntwOLn.png
USDJPY Monthly -

This offcourse is a bigger sketch view and doesn't carry noises..

Though under 103 if happening it be a brutal drop sequence.

Comment:

The only thing that favors USDJPY bullishness is intervention by BOJ which they have started hinting. With 0 interest rate they are not been able to weaken the currency so they are throwing hints on the intervention. Else tech wise its a no brainer not to SELL USDJPY..
There isn't a truly definite lvl one can pin point on it; rather if short on the pair to stay short till it clearly shows it wants to reverse. Off daily chart 105 carries significance for reason explained within the chart..


i.imgur.com/ZZSD0P0.png
i.imgur.com/aalXC5e.png
USDJPY Daily - We have 2 concrete breakouts. This by itself shows there is room to the downside...
Secondly everyone will say USDCAD has been impressive ever since falling out of 1.46XX; and well CADJPY shows it wants to test Sub 81 zone and that also tells me USDJPY till not clear it wants to rise is a falling knife likely to stay heading lower..

i.imgur.com/Q6dqHQd.png
USDJPY Weekly -

Last but not least.. Check this 2 hrs and a characteristic play on the pair.. Your best guess is a minor new low & halt and rise; else as said it's a falling knife..
i.imgur.com/9asPmJ3.png
USDJPY 2 hr