USD-JPY HAS FORMED BEARISH FLAG PATTERN ON HOURLY CHART, PAIR HAS GAVE BREAK OUT TO THE DOWN SIDE. LOOKING AT THE WEAKNESS IN US DOLLAR, WE CAN PREDICT THAT USD-JPY MAY CONTINUE IT'S BEARISH RUN.
SELL ENTRY: 106.75
STOP LOSS: 106.95
TARGET-1: 106.48 (1.27 FIBB EXT. OF BEARISH FLAG POLL)
TARGET-2: 106.20 (MEASURED MOVE AS PER FLAG POLL)
CONSERVATIVE TRADERS CAN CLOSE THEIR POSITION ON 106.30 (1.618 FIBB EXT. OF BEARISH FLAG POLL)
SELL ENTRY: 106.75
STOP LOSS: 106.95
TARGET-1: 106.48 (1.27 FIBB EXT. OF BEARISH FLAG POLL)
TARGET-2: 106.20 (MEASURED MOVE AS PER FLAG POLL)
CONSERVATIVE TRADERS CAN CLOSE THEIR POSITION ON 106.30 (1.618 FIBB EXT. OF BEARISH FLAG POLL)