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Mihai_Iacob

UsdJpy to break support

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Mihai_Iacob  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY usdjpyshort usdjpyanalysis usdjpysell usdjpyforecast usdjpysignal usdjpyidea usdjpysetup usdjpyshortsetup
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trendanalysis chartpattern indicator usdjpy usdjpyshort usdjpyanalysis usdjpysell usdjpyforecast usdjpysignal usdjpyidea usdjpysetup usdjpyshortsetup
UsdJpy is in a downtrend for quite some time and clear support for this pair is just above 104 zone.
I believe this support will be broken and the pair could drop to 103 or even 102
Yesterday UsdJpy had a spike above 105 and reversed aggressively confirming strong sell in that zone.
Rallies should be sold and only a daily close above 105.20 would delay this outlook
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