USDJPY finally broke and closed below 104.0 major structure support on 3d/d timeframes.
now this structure turned to resistance.
In my view this breakout defines midterm/long-term sentiment on the pair and sellers will push lower.
we can not define the exact time horizon for now, but the next goals for sellers are:
103.1
101.2
(it is not a trading recommendation, I will be looking for a retest of the broken level first to join this short rally)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.