USD/JPY Technical Analysis comments :
The pair USD/JPY continues its bearish movement into its bearish channel. The breakout of 82.31 (level 38.20%) gave us a new sell signal. The next support is at 81.79 (level 23.60%). We maintain to trade only short positions as far as 82.50 is resistance. The breakout of 81.79 will give a new sell signal. However, if 82.50 is broken, we will be neutral between this level and 83.