USDJPY: Price Bounces at Daily Resistance Level

Price has bounced at the sliding parallel of the median line set at a level where in addition it meets previous structure resistance. Looking at the lower timeframes what we may see is that after bouncing at resistance, price broke below the short term uptrend it was moving in. Be patient and wait for any sell setup competion while price will retrace into a correction (flag, head and shoulders, bearish harmonic etc).

Taking a sell here and you will be in a great trade.

Hourly Chart: