DUAL POSSIBILITIES FOR THE USD/JPY

Price rejected weekly resistance at 109.30 level and came down impulsively closing past weekly support at 108.20 level, however it immediately retraced to retest the broken support level. If price stays above this level it may push upward to retest 109.30 offering a long opportunity however a close below the shown trend line may offer a short opportunity to the next support at 106.85