USDJPY is retracing down towards the downward channel that it exited last week. Andrew's pitchfork drawn on Daily chart. Elliot ABCD triangulation drawn on past 3 days of downward movement. TARGET: Where the E point meets the middle line of Andrew's pitchfork. risk/reward: 2.2% +132.5 pips BEWARE: Sunday 9 there wil be the 2nd US Presidential debate, it may influence USD pricing.