Here we believe bears will give it another push back down towards the bottom of the current downtrend.
USDJPY has made lower lows since coming out of the original uptrend (purple), and we expect price to respect the current downtrend (green) before breaking further towards the TP Zone.
We have a nice setup here with a tight SL just above the for minimal risk and maximum reward.
Short at 200 MA
Long if price breaks up