USD/JPY has been trading sideways since May 2017. $USDJPY Daily Chart(click to enlarge)Breakout:- As we can see on the daily chart, price broke below the 108-108.15 support area of a range. - This shifts the mode from sideways into bearish. Downside:- The bearish breakout first opens up the the support/resistance pivot around 105.50. - Below 105.50, there is downside risk towards the 2016-low, which is around 99-100. Pullback: - If there is a rebound, price holding under 110 would be a strong sign that bears are still in charge. - Also, if the daily RSI rebounds but caps at 60 and turns back down, we can say the bearish momentum is still alive. USD/JPY Weekly Chart(click to enlarge)