USDJPY Analysis

My outlook on USDJPY. Keeping a close eye on UJ this week. price retraced to the 70.5% Fibonacci, and went into consolidation the last 2 weeks. As soon as price breaks one of those Trendline we will look and opening positions on a lower timeframe. COT reports indicated a stringer net position of the Yen, so we might start seeing UJ go Short.