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PIP-Pocket

A new downward channel

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
PIP-Pocket  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY dollar japaneseyen Forex short
8
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trendanalysis harmonicpatterns chartpattern usdjpy dollar japaneseyen forex short
The price formed a bearish takeover and then broke the lower boundary of the ascending channel as well as the support level.
Now the price continues to move in a new descending channel.
I think that from the current level, the price can test the level of $114.45.
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