USDJPY held a 5 month declining trend line all last week & we are bouncing towards this again at 111.60/70 now. Try shorts with stops above 111.95. Just above we meet Fibonacci & 100 day moving average resistance at 112.15/25 so for bulls to be in full control we need a weekly close above here to target 112.95/99 next week.
Failure to beat quite strong resistance at 111.60/70 targets minor support at 111.30/20. Below 111.00 signals further losses to 110.60/50 before the 110.25/21 low.
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