USDJPY 1HR Possible transition to sideways or a bull trend

Here's another possible wedge breakout setup that I'm currently watching, possibly in anticipation of a transition to a more sideways movement or possibly even a reversal back to the bulls.

Granted the bear trend still looks pretty strong, we are currently stalling at key support (around 106.80 area) and I am seeing a falling wedge price action with a false breakout to the downside. It may be possible that the big false breakout bear bar may be indicative of sellers exhaustion?

A good break below 106.80 cancels this outlook as we may see more of this selloff.

Let's see how this progresses.