USDJPY broke out of a channel pattern down

USDJPY broke out of a channel pattern down, 111.223 price level has been acting as a support level for the pair since late September 2017 this level has been broken down with a bearish pin bar on the daily time frame, today candlestick open in the direction of the break, I see the price touching 108.268 before any move up.

My Bias: SELL @ CURRENT PRICE 110.824 TARGET : 108.268 STOPLOSS: 112.555