SHORT USD/JPY.

SHORT USD/JPY, IF*** there is a clear rejection around the current area, wich is on a the 107,000 monthly key level (psychological level), it is also on the 61,80% level of the fibonacci taken on the monthly timeframe and it is at the top of an uptrend channel. The market is also over extended (seen on the RSI). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.