USD/JPY - Potential Targets & Outcomes

Dear Friends,

How I see it:

If price can find enough demand above 148.500, pair might attempt a rally.

Potential Long Targets - reasons indicated.
1) 150.185
2) 150.730
3) 151.173

If strong bearish behavior under 4HR trend persists with
DXY holding under 107.

Potential Short Targets -
1) 148.600
2) 147.324
3) 146.480

Key notes:
Price is currently at a pivot; possible reversal attempts or further decline.
I would only consider any rally a reversal "attempt" - above the 38.20% FIB.
Otherwise, all rallies will just be corrections.
In a bearish environment - SELL THE RALLIES.

Thank you for taking the time to study my analysis.