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Usd/Jpy Starts A New Bearish CycleTop ↑  Our Services (Video Tour) Twitter Facebook Subscribe to our newsletter Jan 31 2012 Usd/Jpy made some important breakout in the past sessions, when falling below 76.50 lows and also below red support line, connected from October 2011. In fact, decline is impulsive, so we think that wave E) already accomplished wave (X) triangle at 78.27 and that pair will now continue lower. Currently, wave 1 is in progress, which may find the low around 76 area, and then send prices into a minor corrective wave 2 which will ideally test and then reverse from that red broken trend line.  Newsletter archive
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