USD/JPY:

The most compelling Mathematical Downside Target lies about 90.60 But once the 95.00 support level is decisively broken, a classical Head & Shoulders downside projection to 86.50 will be signalled. This would then be supported by secondary mathematical targets of 86.20 and 85.40 (see chart below)

Bottom Line: Dollar/Yen remains on track for a sell-off to at least 91.00/90.50 But with clear risk and potential to extend toward 86.50/85.40, before exhaustion.

This forecast will be updated in my Daily FX forecasting & trading service, emailed to subscribers every day. It covers EUR, JPY, GBP, CHF, AUD and NZD. I offer a three week trial to serious FX traders. Email TRL@clear.net.nz

Disclaimer: Max McKegg & Technical Research Ltd accept no liability  whatsoever for any loss or

damage that may result, directly or indirectly, from any forecast, comment or opinion, information or omission, whether negligent or otherwise, within this report.