FALLING AND FALLING OF UJ

This pair seems to be bashing through every support area that it comes in contact with from USDJPY current strong momentum the down side. We couldn't possibly be looking at a Daily Trendline bounce around 110.160 area. All moving averages are flowing nicely with the downtrend. We could possibly even see high 109.000 being hit something this week as well.
Trend Analysis

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