The USDJPY may see 100 JPY or lower!

The USDJPY had a false breakout above the 110.30 level a few weeks ago which has led to a breakdown below the 106.00 triangle support. If you follow me on the daily F.A.C.E. webinars you knew this was the risk following a false upside breakout. Now that we have broken lower a move below the 100 level is highly possible. Support should come in around the 99.62 level which is the 161% extension of the summer 2019 lows to spike highs this year. If you follow Grega Horvat’s analysis on Forex Analytix he has had this Elliott Wave count on the monthly charts for several weeks as well.