USDJPY reached a resistance line of a major falling wedge pattern on a daily.
Now it is a very decisional moment for the pair. The reaction to the resistance will show the future direction of the market.
I still remain bearish biased and focused on a completed descending triangle formation. 104.14 is its support. I want to see 1H candle close below that to confirm its breakout.
Then short trade can be initiated with initial goal 103.85.
In case of a daily candle close above the resistance line of the wedge, setup will be invalid and bias will change to bullish.