USDJPY has been showing strong bearish momentum and is moving strongly to the downside. It will breakout of the structure and retest the Brexit lows for one time it also seems to happen at the 1.27 Fibonacci extension. to give us a good target to hit.
Some more confirmation of this move is the Bounce off from the 50 EMA which it has failed to break for quite a while.
Some more confirmation of this move is the Bounce off from the 50 EMA which it has failed to break for quite a while.