USDJPY IN CHANNEL DECISION TIME

Looking at USDJPY I see only two options for this week ahead. We can either double bottom here where it reversed last and test the channel again or we continue down in the Channel and find support at the lower Channel trend line.

- watch out for reject and double bottom here
-if no rejection buy setup on the lower channel but also sell set up if we turn support into resistance
- Follow the DXY see how it reacts