To me, I see USDJPY consolidating for an up move, or breaking the low of 108 for a short time to gather liquidity to move back up towards 114-115.
This is looking like maybe we can get the short to drop down and cover that gap some time back. Safe SL at 111.5. TP at 109
Just an idea I have of what to expect for USD/JPY. I'm not big on posting ideas here, but figured I would give it a shot to see what people think of this. Fibonacci confluence with some Andrews Pitchforks and 50 SMA. I feel like the harmonic pattern is on the extreme end of acceptable ratios, but we will see if it follows through.