I believe usdjpy is building its up elliot. At the moment there are signs for an inflexion from point 3. This means price will go down for point 4. Meanwhile MACD is overbought. The yellow downtrend line may work as a temporary resistance.
I'm short to the level of point 1. Stop-loss slightly above the triangle
I'm short to the level of point 1. Stop-loss slightly above the triangle