Going LONG on USD-JPY

According to my technical analysis the trend is down, For trend continuation trades the zone 111.047 is a good entry.Looking left we have another support level at 110.376, that is where i am looking for a potential reversal to the upside and it is a zone where most trend continuation traders will be looking forward to taking their profits from the market. Amaizing enough at this point there will be a formation of a Cypher Pattern as shown.
Looking forward to this trade next week.