USDJPY has been up-trending by obeying a Trend line on the H4 chart. However, the level of 108.950 is a strong level of resistance where the price already had a rejection. The price did have a rejection earlier as well.
The price is to make a breakout to give a direction to the traders to go with. Which way would it go? Would it make a horizontal resistance breakout and head towards the North or make a trend line breakout and head towards the South?
Scenario 1: Make a breakout at the horizontal resistance?
Scenario 2: Make a breakout at the up-trending Trend Line