USD/JPY - POTENTIAL SHORT OPPORTUNITY - PENDING SELL ORDER

SELL LIMIT FOR USD/JPY AT 103.70. PRCE HAS BEEN TRADING IN A NEAR-PERFECT CHANNEL AND IN A FEW HOURS IT WILL TEST THE DAILY TREND LINE RESISTANCE AROUND 103.70. I HAVE SET UP A SELL LIMIT ORDER AT 103.70 WITH SL AROUND 104.40 (70 PIPS) AND A POTENTIAL TARGET OF 100.90 (280 PIPS). GREAT RISK TO REWARD ON THIS TRADE SO LETS SEE HOW IT GOES!!