USDJPY is currently flirting with support, I anticipate once its broken its gonna fall quickly to the bottom again..
We can see in this chart price has broken and been rejected at this level several times but it will very soon break it and hit the floor
May be a while before it reaches its highs again
As you can see from the chart. We are in a bearish channel on the monthly but bullish on the daily.
We are close to testing the lower daily trend channel, I am expecting a break so currently looking for selling opportunities on the 15 min chart.
Will keep you posted....