Technical analysis:
USD/JPY has been trading sideways at the price of 112,93 and I see potential for the downside continuation and bigger drop.
Trading recommendation:
Due to strong downside movement in the background and low prices on US Stock market, I see potential for the further drop on USD/JPY.
Watch for selling opportunities on with the potential downside objective at 112,10.
I found on 4H time-frame, contraction, which is another sign for potential downside continuation.
Resistance is set at the price of 113,95
