USDJPY to Hold Support?

A simple look at the daily chart shows a trend line that can be drawn from the previous lows and touches the current low in the Yen. It is a make or break level which if held could set up for a move back to the 1.10 level and possibly above. If the level does not hold then another strong push can be expected which would reach down toward the 1.05 level. It's important to look for triggers on the lower timeframes and if they don't fire off then stand aside and look for a move beneath the trend line to establish new short positions.