Oliverotchere

USDJPY AWAITING TO CONFIRM BREAKOUT...DAILY CLOSE BELOW SUPPORT

Kort
FX:USDJPY   USA-dollar/Japansk yen
USDJPY also have been in the wedge flag more than two month with the wedge support been tested more than two time..... today a sufficient bear candle has spiked out the wedge to the downside and a daily close below the support will confirm the breakout. if USDJPY bears are able to hold this breakout, it will be a turn of a major direction to the downside. This will reveal the new levels 111.360, 110.390, 109.490 respectively

the inability to hold this breakout to daily close will give a buy trade to 113.663
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