Japanese Yen Breaks Short Term Trend Line

USDJPY has broken its most recent trendline sending a bearish signal on the intraday charts as bears have clearly taken control of the oder flow.

The nearest support level comes in at 121.00 followed by 119.50 which would represent a substantial free fal for the pair. A break of 122.15 negates the bearish outlook but near term charts show that momentum is with the bears. Strategy: Bearish on a break below mentioned trendline