USDJPY SHORT BIAS

I think things are really looking interesting for USDJPY, as we get to see some momentum that cause the break below the support level at 104.20 which i've been talking about for weeks now, this support level been holding since 2018, before we had a break below with the Corona Virus surge in March and did had a weekly close above back then.

Price is technically in a downtrend, with the DOWNTREND line extending from June until now, with that we've a descending triangle with 104.20 holding as support from June until last week we had a weekly close below.

In this case, i will be looking out for a proper retest of the 104.20 zone, if the zone hold as new resistance that will definitely set price lower with target at the level of support @ 101.00, i will yet be looking for SELL setup even if the retest drift higher, it worth to know the retest might get a little bit intense (maybe because of the announcement of the new United State President, just a personal idea), so maybe a retest of the resistance zone of the DOWNTREND line around 105.00 zone.

WHILE I'll be looking for BUY setup if price break above the DOWNTREND extending from June until now, that will be if we can see a push above 105.00 zone.