USDJPY Breakdown Analysis

Looking at USDJPY, price is testing that support turned resistance level. I would like to see price breaking the resistance, retrace back to the 62% Fibonacci Retracement and then sell, but that level might be respected and sell off from there. Look for possible signs early when market opens. COT reports indicate the Net Positions of the Yen getting stronger with Long positions being opened and short positions being closed.