FX.co ★ USD/JPY: downside breakout

USD/JPY Strong Sellers!

The USD/JPY pair is dropping at the time of writing. It's located at 139.43 above the 138.42 former low which represents a downside obstacle. The downtrend line stands as an upside obstacle. As long as it stays below this line, the rate could approach and reach new lows.

Only staying above 138.42 former low could announce a potential growth at least towards the downtrend line.

USD/JPY Trading Scenario!

Dropping and stabilizing below 138.42 announces a deeper drop and helps traders to sell the pair.