Inside technicals and chart patterns by 
The set ups are coming quickly across multiple time frames on the USD/JPY. Chart patterns are pointing to a breakout.
The 30 minute chart has a forecast region that begins just below the 90.00 major psychological level.
The momentum on the 30 is carrying through to the 240 minute chart as the down channel is poised to break the downtrend line resistance and here’s where is gets interesting:
Patiently waiting just above the intraday chart breakouts is the daily chart swing short which would trigger between 89.95 (”step out in front of size”) and 90.20 (minor psychological level and Wave low).
So short term I’m bullish, especially with the Dow up 160 this morning. Longer term I am bearish unless or until price get north of 91.80 to 92.05.
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