Bullish to Bearish: USD/JPY is currently at 139.55 and in a channel. If we can break 139.69, we are looking for a final move to the ATR Target) at 140.22 and then a reversal.
We have divergence in play and DXY topping out. Watch the DXY for any change in direction. The ATR for the pair currently is 126 pips per day, and its 180-day average is 125 pips per day. DXY is currently up in a sideways move.
