usdjpy short swing trade

looking at the fib swing from the top to bottom on the weekly we appear to he at 50% retracement right now on a downtrend. i don't see it reaching the top of the supply zone, but anything is possible. i'm first expecting a fall down to 107.4 and possibly a bearish breakout below the trend line to continue a downtrend.

if the bulls do take full control and bring us up to 109 area ill be expecting us to continue traveling up to 111.400 to test the previous high.

thoughts? cheers!