FROM THE WEEKLY AND DAILY TIMEFRAME , THE USD/JPY -0.24% SEEMS VERY BEARISH AND HAS HIT THE 23% FIOBB LEVEL WHICH shows potential downtrend move. in the smaller time frame ,retracement is more realistic. now ,the cross point is the 114.322 - 114.427 range in 15 min chart. wait and see the move. if bounce then look for the first target at 115.232, if break the support,aim for 113.8 range.
