Channel Support on Daily Chart

FX:CADJPY   Canadian Dollar / Japanese Yen
48 1 1
Still 200 pip downside with this scenario. Momentum seems to be drying up to the downside on the daily chart though... Hmm... I'll have to look at technical indicators.
The current bottom looks feeble and unconvincing on this chart. I don't think it's done yet, not until it makes a new low, flushing all the stops below the current swing low and returning promptly up.
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