USDJPY continues to decline – under the pressure after the earlier breakout of the powerful support level 104.000 (which has been reversing the pair from the end of July, as can be seen below). The breakout of the support level 104.000 accelerated the active short-term impulse wave C – which is a part of ABC correction (2) from March. Given the growing bearish USD sentiment and the strength of the clear daily downtrend, USDJPY is likely to fall further toward the next support level 102.000 (forecast price calculated for the completion of the active impulse wave C).