USDJPY 119.23: Looks to test 7-week triangle consolidation suppo

USDJPY reversed lower off the 119.23/119.27 minor double top (May 8/ 12, 2015 highs, near 7-week triangle resistance) to threaten the 119.05 low (May 7, 2015). Intraday indicators turned negative, suggesting there is scope for further upside near term towards 118.48, near 7-week triangle support (as shown on the 240 minute chart). 119.81 would cap bounces. A break back above 119.81 is needed to defer the downside and re-focus the 119.23/119.27 zone.
Outlook:
Short term: bearish
Long term: neutral