michael6malone
Short

USDJPY will likely break below the $102.64 level.

FX:USDJPY   U.S. Dollar / Japanese Yen
45 0 2
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.
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