USDJPY update - still no sign of exiting short since 113s

USDJPY continues its waterfall from 113s and is below 3 major supports. Next level is 109.5x, likely moving daily RSI into oversold ranges. I would not long until it moves out of the clearly marked down-trend (light blue) that has held consistently since 114s.

Current target is 108x. But honestly, I wouldn't mind if it just cliffed itself back to the 80s like it was 2-3 years ago.

Commentaire:

110.606 tagged. Critical trendline which served as support and is now resistance.

This will either be a successful back test or a false breakdown by end of today. Long above, short below :)