Key Support Shelf Broken on USDJPY

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With a major structure level at 115.561 being broken USDJPY appears to be very bearish in the upcoming weeks and months. With the implementation of negative interest rates, and break in support USDJPY is likely to revisit the 110.00, 105.00 and potentially 100.00 levels.
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Target 1 hit
Kommentar
Looks like this pair is still headed on its way down
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Target 2 hit.
Kommentar
After a retrace, market looks like it's preparing for another bearish move
Bearish PatternscheminaccistructureUSDJPYusdjpyshortusdjpyweeklyWeekly Chartsyenyenshort

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