USDJPY - Patient for now but we are preparing for the short side

Price is stuck within a triangle now and we are awaiting a break out. We prefer the short side due to a number of reasons. We have rejected off the back end of a trendline as well as rejecting the 76.4 fib retracement level and are still posting Lower highs. A break below the kumo cloud and re test will be a good entry point.