USD/JPY Analysis (July 31)

The pair has accelerated its decline on friday after the dismal US GDP figure. The market is likely to test its 2011 low at 76,30.
Considering the strengh of the move, we might see some kind of correction before a resumption of the downtrend.
in any case, we don’t recommand to trade this pair as long as the main bearish trend is not in question.