Bearish USDJPY bias for this week of 26/02-02/03

Last week first move that we anticipated was a bullish move from the Monday's open at 106.60 all the way up to the 107.17-107.40. We expected a test of this zone and then price to reverse and continue its down move. Price tested this area as expected then on Thursday bulls took in charge and dragged the price down this way creating a strong bearish candle. After this strong move, Friday was a bit more of a sideways market. On this Monday's open price gaped up but we are still expecting a higher probability of a down move and a test of 105.50 area may be in sight for this week.