USDJPY will likely break below the $102.64 level.

2016Sep10 The price will likely continue down to $102.26 and possibly as low as $101.69.

The 61.80% level falls below the support area at $102.51.
The price keeps hammering at the 102.64 support level and will likely break through.
Unlike the drop from $102.52 to $102.07 there are no bullish candles at the bottom.
The RSI is headed down.

Comment:

I would place the stop at 102.98.

Comment:

I am still waiting for the window to close.

Comment:

The window has closed I am now short. Target of 102.26 and a stop at 102.98.

Comment:

Target reached. Now waiting on a retracement to the 38.20% level.