VasilyTrader

USDJPY: Important Breakout & Bearish Continuation

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen

USDJPY has broken below a support line of a descending triangle formation.
The breakout is considered to be confirmed now and bearish continuation is expected.

Now the goals for sellers are: 103.1 / 102.7

If you don't have an active position on the pair, I recommend you consider the underlined red supply area based on a trend line and horizontal support of a triangle. That zone may give a safe entry.

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Comments

Are you also bearish on usdjpy?
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