USDJPY Bearish Channel Breakout

If we look at the USDJPY we can see it is in a consolidating bearish channel. I think we could get one more move to the bottom of the channel, but I am watching to see how the pair react at the top of the channel. We could either see a bullish break out, but more probable is another bearish move lower to the bottom of the channel, where there is also a zone of support.