USDJPY Punched Lower

USDJPY has managed to move under the support trendline we havee been looking at for the past week; the move is seen all across the pairs with the USD showing significant weakness, opening with gaps. Next bearish target is the 105.00 wich seems pretty close now, but once we get there the pair would have clear most of the short term support levels in sight.

USDJPY has managed to move under the support trendline we havee been looking at for the past week; the move is seen all across the pairs with the USD showing significant weakness, opening with gaps. Next bearish target is the 105.00 wich seems pretty close now, but once we get there the pair would have clear most of the short term support levels in sight. If this latest momentum continues we could be in for a push all the way down to the 100 level.

 

[NP][/NP]