Price stalled near support and closed above it, Daily is oversold and a bounce may be possible before continuing downwards any further. I would take a long position on USDJPY only if i see bullish price action in H1 and the break of the range in H1 to the upside.
Triangle within triangle,its like 'inception' of triangles
Waiting for the inner triangle to break for the price to
move to the outer upper/down triangle boundaries.
Looks like Possible move to the upside
because of the numerous pinbars in H4
with long tails but eventually
bars closes above, showing reluctance to go down.