USDJPY

The pair is pressuring psychological 110.00 support (also near 50% retracement of larger 101.17/118.65 rally at 109.91) on Monday’s fresh bearish acceleration that took out temporary base at 110.60 (lows of last Thu/Fri).
Firm bearish setup on daily studies pressures for further easing, as the pair broke again into thick weekly cloud which offered strong support and delayed broader bears last week.
Close below 110.00 handle is needed to confirm bearish continuation and expose 109.00 (round figure support) next.
Oversold slow stochastic and daily RSI breaking into negative territory, suggest consolidation / correction in the near-term, but no bullish signal for now.
Former base at 110.60 marks initial resistance ahead of broken weekly cloud top at 111.36, which is expected to cap upticks.

Res: 110.60; 111.00; 111.36; 111.60
Sup: 110.00; 109.50; 109.00; 108.23