I think USDJPY can come up and touch around the 107.000 level, and then have a reverse back down in its bearish trend. Look for entries if you see the reversal form. This is on the HOURLY chart.
Using chart analysis and fibonnoci levels, as well with pivot points, I think we can see a reverse on the zone labeled and ride down to our next labeled zone.
We have been in this downtrend channel since the beginning of the new year. If I see a reversal in the channel, in the labelled zones, I will take a sell entry, to the next zone and see if it breaks lower.
