1. Pair is in a downward channel on Daily chart, creating lower highs and lower lows with next anticipated low to be around the 109.5 region.
2. Friday's daily candle closed as a bearish shooting star, rejected off the 111.5 key level.
3. Pair has created an ABCD pattern (4 hr) with the D extension to be created at price 110.268.
4. EMA's show bearish momentum
Therefore my bias is short on USDJPY with first TP at 110.268 from 110.820 entry price.