FX:USDJPY   U.S. Dollar / Japanese Yen
Technical Analysis

PART: bearish
1. This pair has been wedging down.
2. It has also been in a downward channel .
This downward channel certainly can break the horizontal channel.
3. 101.34 resistance level has been broken several times.
4. What else is bearish?
1. Horizontal channel has been broken to the downside but has always come back.
2.Last time it was wedging it was wedging in a triangle and broke up(but the wedging wasn't to the downside though), now it is wedging and it could also break up.
3. What else is bullish?

It is always useful to take a look at weekly chart and other JPY pair's weekly charts, to see the long term resistances trend violations etc.
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