USDJPY continues its waterfall from 113s and is below 3 major supports. Next level is 109.5x, likely moving daily RSI into oversold ranges. I would not long until it moves out of the clearly marked down-trend (light blue) that has held consistently since 114s.
Current target is 108x. But honestly, I wouldn't mind if it just cliffed itself back to the 80s like it was 2-3 years ago.
Current target is 108x. But honestly, I wouldn't mind if it just cliffed itself back to the 80s like it was 2-3 years ago.
Note
110.606 tagged. Critical trendline which served as support and is now resistance. This will either be a successful back test or a false breakdown by end of today. Long above, short below :)
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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.