USDJPY still downtrend on big frame. It ranging on smaller frame, but in my opinion, it likely to go uptrend when the price breakup (more information, you can check the arrows).
Recommendation: place the order when it break the wall. don't too much speculations with place order before it break.
I think there are several scenarios.
the first, eurusd has broken the bearish channel and tried to form a pullback where if that happens, the possibility will continue to form an inverse hns (surely it must be confirmed that it has broken the previous resistance).
second, the pullback might fail and will continue towards the previous support.
