Clear channel in formattion

FX:USDJPY   U.S. Dollar/Japanese Yen
38 0 3
The Yen has been clearly in a powerball run for the last few months and this has become the defacto safe haven currency lead.

Here I've drawn a nice channel, which is confirmed by multiple touch points (minimum of 3 ideally) on both trendlines and this has shown the structure of price as it continues downwards. Both oscillators show that there is some more room to go and I wouldn't be surprised if USDJPY             decided to head for the mid 90's.

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