FX:USDJPY   U.S. Dollar / Japanese Yen
70 1
Unfortunately price has broken through the Warning Line. It is not clear if price has enough energy to make it to the (Blue) Upper Median Line . (On 4 Hrs TF, price seems to be running out of steam and blocked by 2 (White and Pink) Warning Line)

Referencing the EURUSD chart (which I think has a bullish bias), I'm still putting my money on USDJPY to be falling. I will be looking for a strong confirmation before making any moves.
The candle sticks around 112.70 are kind of tall, I am considering a short position. I believe you are right in the assumption that price may be running out of steam.
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