BoonHooi

USDJPY just broke below support

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
I am biased towards the downside. However there is no reason to take a trade right this moment
I cannot spot any Harmonic Pattern on this pair now.

RSI showing oversold, indicating to us that there is high probability of a bounce up to a resistance level

Trade Execution
I would look to go short with the trend if price comes back up to test the 110.00 level
The basic technical analysis (support turned resistance) trade
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