Weakness to Continue

FX:USDJPY   U.S. Dollar / Japanese Yen
17 0 1
FX:USDJPY             Price action in the 1 hour time interval for this pair suggests a continuing erosion along the downward sloping trend line after failing to breakout upwards. A retest at support line 1.19.63 followed by a breakdown will see price action quickly challenge the next supports ; 119.26 then 119.04, and onto the major support 118.58. Should it fail to hold along that level, a fallout extension towards 115.00 then 109.00 maybe probable.
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