Long term descending channel
. Over-all posture is Bullish
the Yen. Simply looking to play a failure at resistance - Top of the channel. Targets and Stops will be based off the symmetry of the channel.
Entry: Sold @ 107 - Add positions with "retest" of resistance
Stop: 10% of recent low to high = 100pips = 108.00
Target: 50% of Range = 350 = 103.50