Wait for USDJPY to approach a key level before making decision

Overall trend is bearish. Waiting to see how price reacts at the 110.00 and 109.00 levels. IF wick rejection is present or a suitable candle pattern that shows momentum to the downside presents itself I would take two trades short (following money management of 0.5% each position) to the next key levels in this case being 109.500 and 109.00. Stops set 25 pips above entry.