Trade Idea: USD/JPY – Sell at 88.10

Dollar’s intra-day selloff to 86.29 (exactly the 61.8% projection of 97.79-88.01 measuring from 92.33) signals medium term downtrend remains in progress and further weakness to 85.77 (2 times projection of 90.62 to 88.73 measuring from 89.55) is seen after consolidation but reckon 85.00 would remain intact today, bring a correction…