USDJPY: Bearish Forecast

good Saturday traders!

yesterday, after I posted the analysis on chfjpy I have received a lot of questions about usdjpy.

thought, in my view, these pairs are currently very closely correlated,
let me share with you my thoughts on usdjpy.

first of all, on 4H the market has recently reached a strong horizontal resistance level with rsi being overbought
and with a sequence of reversal candles formations.

on 1h we see a clear slowing momentum with the wedge formation and recent break below it.

with all that in mind, I believe than on Monday we can expect further bearish continuation.
for now, target levels are 109.3 / 109.0