USDJPY Technical Brief: Structure Points Lower

💴 USDJPY: Structure suggests further downside

The upward movement from April 22 to May 12 appears to be corrective — I label it as a double zigzag.
The segment from May 12 to May 27, on the other hand, is highly likely to be an impulse.

After that, the price moved into a range, the boundaries of which are gradually narrowing. This gives reason to assume the formation of a contracting triangle (cT).

If this scenario plays out, we may see:

🔸 a break of the 142.108 low

🔸 a drop toward the 139.883 zone

🔸 an overall potential decline within the 140.8–138.0 range

📎 Link to my long-term USDJPY USDJPY USDJPY scenario: https://www.tradingview.com/chart/USDJPY/xUV1L3ns-USDJPY-Major-turning-point-ahead/