USDJPY at "a" support but will not hold? UJ likely headed lower

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Risk-off sentiment (and thus Yen) has been strong.
UJ has just hit a support but it probably will not hold.
There are some support zones below worth watching.

109.2x is likely to be tested.
109.xx should be strong support.
108.5x break puts uptrend at risk.

This is part of my ongoing Dollar/Yen analysis:

Last call was the Top to short:
USDJPY at or near a "Top" ? UJ short Idea


Previous Bounce call:
USDJPY approaching Support Zones: Yen retrace watch


And a Bounce call before that one:
USDJPY long Idea based on Fibonnaci Extensions: Yen 9 to 4 play
Nota
Zoomed in, the Red fib was based on the Impulse caused by Weekend gap. And that first supprot was exactly at the 2.618 extension istantanea so the immediate resistance of concern is the red 2.236 at 109.824

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Nota
Broke through the 2.236 fib with some gusto istantanea now to see if can go test resistance at the 1.618 ... or attempt retest of 2.236 and fall through ....

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Nota
Under the micrsocope, we do have a nice impulse going istantanea eyes on that 4.236 right now

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Nota
Retest of red 2.236 underway, as expected istantanea a bounce here would be a great sign for bulls. But so far only a pause, lets see if it turns into any kind of a bounce

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Nota
uh oh, fell through support, now looking at next zone down istantanea will see if any new Impulse waves are developing and update if spotted.

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Nota
Possible impulse wave down going into NY open istantanea

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FibonacciSupport and Resistance

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