After nearly 6 weeks of continuous dynamic growth USDJPY began to fall and this week will be probably the second bearish in a row. Traders are closing Longs taking profit before New Year holidays .
Yesterday price broke out from triangle pattern and than the low of Inside Bar and after retesting it from the bottom continued declines. Level 117,00 is now closest resistance ,and if not defeated USDJPY should continue declines at least to 116.00.
Breaking of the bullish trend line which was rejected twice today should open way for bears to 115 and further down.
