Looks like USDJPY will drop further down so would be good to place a pending sell limit order at 110.40
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of R2=110.65.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=110.65.
In this situation, there is an expectation to reach the target R3=111.3.
Set the stoploss of reverse orders at breakout of R1=110.45.