bear flag breakout, where the market is going next?

hey traders,

on dollar yen we have a confirmed bearish breakout of a rising parallel channel called a flag pattern.
also, we have a confirmed bearish breakout of 111.00 level - decent level of support.

next levels that I will be focused on are
110.00
109.00
108.00

the best entry point for you is the retest of 111.00!

good luck!

Kommentar:

the market has reached the first level of support