Usdjpy Short Setup

As some on the blogs know, I was shorting USDJPY last week, covered Friday and looking to reenter short early this week. The short setup is here and I have reentered short. I do not have a lot of faith in this setup, and it is no guarantee, but it is a trend setup so I am staying with the thesis until trend turns up.  Here are the two operative trend charts:


Here is the channel chart which shows some risk here that this nascent downtrend might get broken:

I am not going to track the trade, as it takes too much blog space and energy, but here is the setup I am following for what it is worth.
Peace. Om.,
SoulJester