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USDJPY broke 106.600 support area; Likely to fall to 105.000

USDJPY recently broke the support area lying between the key support level 106.600 (which stopped the previous impulse wave (i)) and the 50% Fibonacci retracement of the previous impulse wave (1) from March. The breakout of this support area should accelerate the active impulse wave C. With the rising bullish bearish sentiment affecting Yen at the moment  USDJPY is likely to fall further toward the next support level 105.000 (target price for the completion of the active impulse wave C).

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