Pitchfork Channel breakout, watch for selling USD/JPY

I found a breakout of smaller Pitchfork channel inside the bigger one, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at 112.50 (median line) and at the price of 112.00 (lower diagonal).
Chart PatternsGann

Also on:

Related publications

Disclaimer