USDJPY, a classical trendline breakout

٩ يوليو ٢٠٢١

A classical trendline breakout occured this week on USDJPY pair . It broke the uptrend market structure following by a major drop down from the trendline and by removing previous Higher Low. A retest is expected at the S/R area before moving down. My bias is bearish unless it breaks the market structure.