UsdJpy has shown good rejection off the 109.900 level this past week showing a strong resistance level. since the large bearish move down to 107.000 there has been a flag pattern forming upwards. a clean break and retest below this flag pattern would indicate a move down to my 1st target 108.060, and a second target of 107.045. although if the channel support is respected and a break to the upside would need to be valid with a clean break and retest of 110.000 level, my target for a buy will be 111.456.