USDJPY Breaks Lower

Breaking the low side off the consolidation triangle USDJPY  shows the strength of the US dollar this morning, a retest of the trendline should offer a good re-entry opportunity with a projected target of 80 points just above the 108 area. Once there we would have to look at how price action develps as that area is a previous high  turned into support after it got retested on August 13th. Breaking the low side off the consolidation triangle USDJPY  shows the strength of the US dollar this morning, a retest of the trendline should offer a good re-entry opportunity with a projected target of 80 points just above the 108 area. Once there we would have to look at how price action develps as that area is a previous high  turned into support after it got retested on August 13th.

[NP][/NP]