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UntitledGoose

USDJPY broke 5-year down channel

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
UntitledGoose  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis fx USDJPY
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trendanalysis fx usdjpy
As shown in the graph, USDJPY pair recently broke the 5 years long down channel. I'm expecting the price to reach the resistance (previous high) at 112.
Besides, if the pair fails to break this resistance, it will surely fall back, which is another short change.
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