cheminacci
Short

Key Support Shelf Broken on USDJPY

FX:USDJPY   U.S. Dollar/Japanese Yen
With a major structure level at 115.561 being broken USDJPY             appears to be very bearish in the upcoming weeks and months. With the implementation of negative interest rates, and break in support USDJPY             is likely to revisit the 110.00, 105.00 and potentially 100.00 levels.
Trade active: Target 1 hit
Comment: Looks like this pair is still headed on its way down
Trade active: Target 2 hit.
Comment: After a retrace, market looks like it's preparing for another bearish move
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