My previous analysis on USDJPY proved to be what looks like a major retracement in the massive upswing that the pair has been moving in accordance with. I am currently watching the 4hr timeframe as that is the timeframe where i think currently price action is the most important to where USDJPY will head to in the future. With a massive corrective pullback on the daily timeframe, the 1hr shows a steady downtrend which seems like many of the USDJPY bears have taken advantage of in shorting. Because again my overall bias for this pair is Long, I still believe the overall direction of price is going long. I think that the 4hr will be the deciding factor in where price will move. If it manages to break the previous higher-low, with potential broken structure USDJPY will prove to be a good opportunity for us USDJPY bulls in which we can get in on a potential break of structure and the retest of the structure as well. So overall i will be looking for the opportunity to go long. However, should price reverse from this position and continue heading down with the strength of the downtrend on the 1hr timeframe, I plan on getting short for a potential short opportunity which could prove to be worth the risk. If price heads down and makes a pullback to enter on, we could potentially see USDJPY tank and head towards the last psychological level as well as the previous massive consolidation that it broke out of. overall, I am ready to go long but I will not pass up a short opportunity as it definitely has the potential to be a really profitable opportunity.