USDJPY - Technical Short Scenario

This pair has been putting in some bearish technical signals over the past week or two. One of which would be the rejection of the key resistance level 120.580 which has held firm on many occasions.

We also have the MA's crossed for the first time since may as well as fib retracements from the 61.8% zone and the 50% zone

I will need to see more confirmation from this pair before an entry but a possible risk to reward can been seen on the chart.