USD/JPY

UJ is moving as per the expectations. It has broken out of the triangle and tested the downtrend line (upper blue line). If it manages to break through the blue channel it may halt near the upper green downtrend line which will be somewhere in the 90's. But the major trend remains to be downwards. We will keep watching and see how it progresses. Minor trades here and there are possible but no entry yet for the longer term trade. Any comments?