USDJPY is trying to break out of the previous bullish channel and in the process has now created a new flag pattern (in yellow). A break of this flag pattern will confirm the start of a pullback.
We have potential sell entries at (1) the top of the yellow flag, (2) at the bottom orange trendline, and (3) on break of the yellow flag's bottom.
If the yellow flag breaks above, sell trades become invalid and we await the next setup.