Multi-month triangle & equilibrium formed on USDJPY had a perfect, clean bear break. No questions asked, bears are in full control. If they can get this thing below 104.188 (which will take a lot of momentum as there is huge resistance in the 104's), then they're looking straight down to multi-year wedge support, just below 102.
Not taking a side of this trade, just outlining what a textbook break of a common chart pattern looks like.
Not taking a side of this trade, just outlining what a textbook break of a common chart pattern looks like.