USDJPY is approaching a strong resistance

USDJPY in a 4-hourly time frame. Price is creating lower lows and lower highs. Now price is retracing back to a resistance which is at around 50% fib level.

This resistance level is at 110.29 which is also significant in the higher time frame. So price is likely to go down from this level.

I'll wait for a sign of a reversal of price for this pair. See you soon.