Bearish Momentum

Key Levels:
Resistance: 136.42
Pivot: 135.00
Support: 133.53

Preferred Case:
On the H4, since price has broken out of an ascending trendline and is moving below the ichimoku indicator, we have a bearish bias that price will drop from the pivot at 135.00 where the pullback resistance is to 1st support at 133.53 in line with swing low support, 61.8% fibonacci retracement and 100% fibonacci projection .

Alternative Scenario:
Alternatively, price may break pivot structure and rise to the 1st resistance at 136.42 where the pullback resistance is.

The weakening of the DXY should provide relief for the Japanese businesses that are hurt from the weakening of the Yen. This gives me a bullish bias for USDJPY .