SELL USDJPY On Clean Break & Close Of Bearish Flag ??

Today I will be looking to SELL the USDJPY on a clean break of the bearish flag that is forming and will be targeting the previous HIGH in the current trend that was taken out last week this should act as a nice support allow there could be a deeper correction down towards the Daily DEMAND/BUY zone marked on the chart above.

I will want to see a clean break and close below the trend line that I've marked on the chart we do have the US CPI today which may or not help in this postion a a close above yesterday's HIGH then we will likely see a move up towards last weeks HIGH will see.

I suspect this pair will correct this week and early next week leading up to the Central bank meetings in Japan and the US also we have a lot of news in the US this week as wwe know this pair is very fundamentallly driven at present but is extremely overbought on many of the major timeframes so a correction on the weekly or monthly charts is well over due as it's been moving higher for nearly 24 months straight.