USD/JPY Technical Analysis: Bear flag breakdown confirmed on the line chart

• The USD/JPY pair closed yesterday at 108.85, confirming a bear flag breakdown on the daily line chart. 
• That pattern usually ends up accelerating the preceding bearish move. Put simply, the pattern has opened up downside toward 103.00 - target as per the measured move method, that is, pole length subtracted from breakdown price. 
• The bearish setup would be invalidated above the psychological hurdle of 110.00.

Daily chart

Trend: bearish

USD/JPY

Overview:
    Today Last Price: 108.87
    Today Daily change: -5 pips
    Today Daily change %: -0.05%
    Today Daily Open: 108.92

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LOW  SPREAD  AS 0.0 PIPS