USDJPY - Turns bearish at 38.2%

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY - Intraday - We look to Sell at 107.48 (stop at 107.83)

Trades at the highest level in 26 days. Buying posted in Asia. We have a 38.2% Fibonacci pullback level of 107.48 from 112.40 to 104.44. Bespoke resistance is located at 107.40. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 105.70 and 105.50

Resistance: 107.48 / 108.42 / 109.36
Support: 105.70 / 105.50 / 104.50
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Is this scenario still likely? Market become very volatile while I type this (23:05 BST time)
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