VasilyTrader

bear flag breakout, where the market is going next?

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

hey traders,

on dollar yen we have a confirmed bearish breakout of a rising parallel channel called a flag pattern.
also, we have a confirmed bearish breakout of 111.00 level - decent level of support.

next levels that I will be focused on are
110.00
109.00
108.00

the best entry point for you is the retest of 111.00!

good luck!
Comment:
the market has reached the first level of support

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