FX:USDJPY   U.S. Dollar / Japanese Yen
Seeing lower highs and lower lows. Price broke through the ascending TL, retraced back to it and is now breaking to the downside. 50% fib held three times along with the descending TL. Looking for completion of leg D down to -27%/Monthly Sup (110.00 area). Price may run into trouble in the RED area (112.00-113.00) so I will be monitoring price around this area. I have placed a 75 pip short on the 4H but will look at getting into a longer term trade.


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