The USD/JPY pair fell from its resistance level on a 30 minute time frame. This resistance level was given in our analysis on the 16th of May. The price has clearly broken its upward channel and it was trading below this channel at the time of writing this article. The pair has found its minor support from a 100 day (shown in yellow) moving average and it is trading above the 50 day (shown in green) moving average. However, the price action is trading in line with the RSI which suggests that short term bias could be towards the downside.