Nikkei is down again today. (-2.4%)
Obviously USDJPY has been down so far in Asian hours.
Just noticed this pair has broken the long term up-trend line.
This trend started from Oct 2012 (77.90).
Thus I stay Bearish with all YEN cross pairs for a while.
Looking at H4 chart, the price just broke the resistance. So naturally, we should sell again from the Role Reversal area, where 21EMA will be at.
Hope this setup helps you build your own.
YJ Baik – Forex.Today @ Tokyo