USD/JPY will test 107.81
The pair could not break the 3/8 level (108.59), but fixed below 4/8 (109.38). In addition, intersection STD1 with STH4 was held. Since the price rebounded from the area of the level 7/8 (111.72), then a further decline at least to the level 2/8 (107.81) is expected. Wait a significant breakdown 3/8 down is preferred, but you can already sell at the current position. STD1 color change also helps to reduce paar.
Sell – 109.20; sl – 109.90; tp – 107.80.