USDJPY: POSSIBLE DOWNTREND CONTINUATION

The pair has been on a down trend for a while now and I think its only fair for it to do a pull back and take a breather.

I still think that it still needs to push down even further as the momentum (Weekly + Daily) still support the downside.

With that said, one needs to watch carefully what happens in the next couple of day(s) as it is on a critical support zone @107.00, and also bouncing off a trendline that has been been holding since September '12 (yellow).

PS: The current pullback isn't convincing as a sign of a reversal! And its NFP week so careful :)

Entry rules: Wait for pullback to finish then support and trend line to be broken.

Target: First target at 105.500
Target 2: 106.00
Target 3: 105.00

Goodluck!!!