There is an opportunity to short the USD|JPY on the break of the low of 108.991, confirming the commencement of a new bearish trend.
- Short entries may be initiated now or on the break of 108.991
- Stop Losses should be above the last swing high of corrective 109.280 (Red Horizontal); the first Lower High of the recent uptrend.
- Target Point A: 107.023 (Green Horizontal)
All remaining target and intermediary support zones to the downside are marked below entry by consecutive horizontal lines (blue.)
- Short entries may be initiated now or on the break of 108.991
- Stop Losses should be above the last swing high of corrective 109.280 (Red Horizontal); the first Lower High of the recent uptrend.
- Target Point A: 107.023 (Green Horizontal)
All remaining target and intermediary support zones to the downside are marked below entry by consecutive horizontal lines (blue.)