USDJPY: Important Breakout & Bearish Continuation

2021年1月14日

As we discussed earlier this week, USDJPY looks very bearish.
Now we see one more bearish clue: confirmed breakout of a bearish flag pattern on hourly time frame.

With a strong rejection from its resistance, and consequence lower high, pair looks overwhelmingly bearish.

I expect a drop to lower price levels.

First goal - 103.58

P.S
The price can go even lower. Apply trailing stop to catch a major swing move.