Testing, Testing, Testing - of longer term support

USDJPY has been in an up trend since mid August. For the past several days we have been testing the 108.5 area.

If we see a break lower here, I'm expecting 108 as a quick target, with room to 107.250. This move keeps us within the larger flag patter that USDJPY has been trading in since 2014.

I like Short here, mainly due to the sell off after the pop on news late last week. If we open and move higher, we certainly have room up to 109.75.