USD/JPY Continues to Fall

From fxtimes.com

Top, trendlines: We saw USD/JPY display topping action yesterday. After some pullback during the 5/23 US session, the 5/24 Asian session found resistance around 102.57 and continued the decline into the European and Us session. As it attempts to push below 101, it is breaking below May’s rising trendline and about to test a slower one that goes back to the start of April. Below these TLs, USD/JPY would be testing the 100 handle, which price held below for a month, so it will be a key level to monitor for support. Now looking at the 4H chart, you see that we are in a 2nd downswing. If you look back in your 4H ... (full story)