USD/JPY's 118.98 & 119.14 could be a Double Top. 119.14 spike was an overthrowing recovery into the Former Green Channel bottom line. It had already changed into new Pink Channel zone. In the event of breakdown through the Pink Channel bottom line, TP will be at 114.50/60
However if 117.50/60 (Pink Channel bottom line) will be maintained, USD/JPY is going into a sideways (117.40--119.00) for a while.