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? PART:bullish 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?
PART:X 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.