FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY May fall 50-100 pips
Insight - Price is moving in an ascending channel and has hit resistance at 111.53. Price is likely to continue downwards to hit support at 109.90 or lower.

Intraday - 4H
Trade: Sell
Sell or Below: 111.53
Target TP: 110.91 & 109.90
Pivot and Support 111.53

Alternative scenario:

Trade: Buy
Buy or Above 111.53
Target TP: 112.27 & 113.1