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Josphat89

SUPPORT TURNED RESISTANCE (RE-TEST)

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Josphat89  
FX:USDJPY   U.S. Dollar / Japanese Yen
2
0
USDJPY was very bearish this week and broke trend line support of the rising channel.

PA has now retraced to re-test the the trend line support and has further initiated a downward momentum.

I am looking for a sharp decline to 116.00 level. Lots of pips too be bagged here if it turns out right.
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