USDJPY Triangle breakout

USDJPY H1

Pair USDJPY has broken a triangle in hourly charts. This points to further losses towards 79.50 area. 




It has also broken 200EMA and price action looks bearish. I will be shorting on any pullback towards the lower trendline against upper trendline, targeting the 79.50. 

Or else I plan to go long on touch of horizontal resistance area around 79.50.


------------------------------------------------------------------------------------------------------------- UPDATE ON 4:41GMT: I went short USDJPY at 80.10. Please follow me on tweeter for real time updates.