USDJPY chart: the major controlling price recently migrated to 112.60. Chart is currently printing below that level in a weak price location.

USDJPY – the major controlling price recently migrated to 112.60. If chart prints below that level it is in a weak price location.

$USDJPY breaking down: The major controlling price at 113.70 was resistance for months which kept USDJPY in a weak LT location. Chart has now broken below the 1/2R off the 2016 low (dashed line) which further weakens the price location.

USDJPY: two failed probes into the 113.70 maj poc Resistance this month and chart is down from there.