As we discussed earlier this week, USDJPY looks very bearish .
Now we see one more bearish clue: confirmed breakout of a bearish flag pattern on hourly time frame. With a strong rejection from its resistance, and consequence lower high, pair looks overwhelmingly bearish . I expect a drop to lower price levels. First goal – 103.58 P.S
The price can go even lower. Apply trailing stop to catch a major swing move.