FX:USDJPY U.S. Dollar/Japanese Yen
USDJPY has formed and been trading within this over the last couple of weeks. After a failed retest of the 114.00 levels, it looks as if USDJPY is on it's way down. Prepare for a retest of the lows at 110.667, as well as a potential break out. Market expected to head toward 110.00, 105.00, and eventually 101.00
Comment: The weekly channel has been broken.
Trade active: Target 1 hit at 110.00
Comment: Looks as this is still continuing on it's way down