USD/JPY bearish breakout Is aiming at 110 round Level

jy-l64 hour

The USD/JPY broke below support again (dotted blue) and has invalidated the bullish pattern and outlook. A larger bearish correction is now most likely and price could test the bottom of wave W (pink) at 111 or even break the bottom and move towards the round levels of 110.50 and 110.

1 hour

The USD/JPY bearish momentum looks strong and price could continue lower after price builds and breaks a chart pattern.

4 hour

1 hour

Origin: Admiral Markets

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