USDJPY Sell

Nice potential trend break here with USDJPY, price may reject from the 105.340 resistance level and rise back up to retest the support level up at 107.900, before rejecting again and falling all the way down to the 105.200 mark where it meets the trend line. If a breakout occurs at this trend line then expect it to drop down to 104.400, reject and retest the trend line, then once again falling down towards 102.700 creating a new descending channel.