USDJPY - possible continuation to the downside

Following the big bearish engulfing candle, price is in a period of consolidation testing the resistance level at 119.825. The level seems to be holding and I expect the price to continue to the downside all the way into previous lows. If you want to be extra safe, enter short once price breaks below 119.58 level.
Engulfing CandleUSD (US Dollar)

Penafian