UsdJPY gameplan for shorts/longs scenarios

Very tough situation for UsdJpy.

Right now price is under resistance so I would like to resistance hold and target for the nearest support at $108.700. If support will hold I will go into long and target Buy stops at $109.800.

Be aware that below support at $108.700 is enormous liquidity as well as double bottoms. That is not good and I really think the price can go there and swept them. If so, then I will long at $108 level and target $109 and higher.

Notice that price is in bigger consolidation since December ($108-110) so If this consolidation on a bigger time frame will be broken it will also choose its new direction (bullish/bearish).

If our resistance in our short will not hold, then I will wait for a re-test of $109.7 and go long by that I will mitigate losses.