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USD/JPY 2017 Channel Breakout

U.S. Dollar / Japanese Yen (FX:USDJPY)  
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FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
USD/JPY price action is in a tug-of-war along the top edge of the Dec-July High Channel.
Firm rejection from 113.45 in Shooting Star formation on the daily favors shorts.
If price stays below channel and breaks Sept Low Trend - go short to 110.25.
However, if price breaks above channel and rides Sept low Trend support - go long for 114.30.
Good luck and godspeed
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