USDJPY is on the support level of the DLY KS in extension (blue dotted line). Breaking that level will give us a potential first TP level @ 112.137.
The next level of support is the DLY SSB. Again, breaking that level (+confirmation) might drive the price further down.
Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
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Strong reaction of the USD (thank you Mr Powel) but again, ICHI would have saved you from a bad trade. Look at what level the price decided to retrace (KS, blue dotted line).
H4 Chart.
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DLY, the two Kijun Sen rejected the price. The LS bounced off the price and is now free until the KS level on this TF :
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