USD/JPY has been bearish since late 2017. After failing to clear 114.50, it fell to the 108 range support and eventually broke below it. It is now trading in a small falling channel and has broken the 105.50 support as well.USD/JPY Daily Chart(click to enlarge)Resistance:- Note that the overall trend is bearish and has broken below key levels. - In the near-term we are seeing a rebound this week following a bullish divergence. But this "reversal signal" has already been resolved, so we should note even think about the bullish divergence any more. - The focus should now turn to the channel resistance coming up.- I think if price gets to 106.30, we should anticipate resistance.- There is downside to the 100 level in the medium-term. (In a month or two).