USDJPY: Important Breakout & Bearish Continuation

21 de jan. de 2021

USDJPY has broken below a support line of a descending triangle formation.
The breakout is considered to be confirmed now and bearish continuation is expected.

Now the goals for sellers are: 103.1 / 102.7

If you don't have an active position on the pair, I recommend you consider the underlined red supply area based on a trend line and horizontal support of a triangle. That zone may give a safe entry.

Please, support this idea with like and comment! Thank you!