USDJPY Weekly Outlook - possible ranging breakdown within the primary bullish market condition

USD/JPY: ranging around reversal level. This pair is on bullish market condition for the ranging within the following key levels:

• 125.85 key resistance level located far above Ichimoku cloud in the bullish area of the chart, and
• 118.05 support level located inside Ichimoku cloud in the bearish ranging area of the chart.
  

Absolute Strength indicator is estimating the bullish trend to be continuing with the secondary ranging condition, and Trend Strength indicator is evaluating the secondary correction with bearish reversal to be started.

• Chinkou Span line is located above the price for the ranging condition by direction and with the possible breakdown in the near future.
• "USD/JPY continues to fail in the vicinity of the December 2014 and March 2015 highs. In fact, price action since December 2014 could be forming a giant head and shoulders top. Even if that is the case, sideways action could stretch into February (time of consolidation from Dec 2014 to May = time of consolidation from August 2015 to February 2016)."
  

If price will break 118.05 support level so the price will be reversed to ranging bearish condition.
If price will break 125.85 key resistance level so the primary bullish market condition will be continuing.
If not so the price will be ranging within the levels.

Trend: