USDJPY has relentlessly been on a solid bull run this past few days, breaking all resistance levels standing in its way. Price has come to a slow down on a Daily support level just consolidating above it with multiple tests to this level already made. It is hard to tell if thus is an accumulation phase for the continued rise or a distribution phase for the fall of the pair. NFP could provide the answers needed in terms of fresh volatility in the market and renewed movement. For now i'm open to whichever way price action takes me but i slightly lean to a bearish bias with my target being at 111.039. Goes without saying that a break above 112.014 would nullify this idea. It is also important to note we had a liquidity grab on Tuesday which gives some clues to where the pair will move to next.