Price in USDJPY is testing a key level (daily downtrend) where some action is about to be taken in the upcoming week. Most likely price will reverse from that level for another down move. We should wait for price to break below the corrective structure it's been moving in and then watch for a sell setup. If we see a breakout above the daily downtrend structure changes and don't get involved selling this market.
Daily downtrend
Daily downtrend
