UsdJpy has shown good rejection off the 109.900 level this past week showing a strong resistance level.
since the large bearish move down to 107.000 there has been a flag pattern forming upwards.
a clean break and retest below this flag pattern would indicate a move down to my 1st target 108.060,
and a second target of 107.045.
although if the channel support is respected and a break to the upside would need to be valid with a clean break and retest of 110.000
level, my target for a buy will be 111.456.
since the large bearish move down to 107.000 there has been a flag pattern forming upwards.
a clean break and retest below this flag pattern would indicate a move down to my 1st target 108.060,
and a second target of 107.045.
although if the channel support is respected and a break to the upside would need to be valid with a clean break and retest of 110.000
level, my target for a buy will be 111.456.