(1) The main on the 1 hour tf that is established by connecting the price low on March 23, 2018 (not shown here) and price low on August 09, 2018. A breach of the would imply further movement to the downside in the USDJPY .
(2) Price between ~112.62 and 112.16 marks the range anticipated as resistance in the USDJPY . Price moving above 112.62 especially would imply a possible resumption of the trend with a price close above the high of 113.06 made on July 19, 2018 confirming more upside in the USDJPY . A breakout above the former i.e. 112.62 is considered a less conservative approach to going long (buy) than a price close above the latter (113.06).
(3) Support region present between ~110.67 and 110.33 provided its latest floor for price earlier today (August 09, 2018) so that price action from July 23, 2018 till present date is meandering in a trendless environment. ~110.67 (top of the range used for support) does intersect the i.e. (1) above, thus suggesting that the USDJPY should find a base for further move to the upside.
A break out above ~111.25 should see price possibly return to the bottom of the range marked as resistance (~112.16). When and if that happens, a bottom pattern will be established.
P.S. The use of “bottom” for the pattern is relative to the previous trend in price ( ).