USDJPY and Nikkei225 Both Looking Bearish – Elliott wave Analysis

The stock market remains under pressure at the start of the US cash market, so USDJPY cannot break above 112.50 resistance. Therefore, I am looking for a triangle pattern which may cause another leg down soon into wave 5 of A)/1) towards 111.50. At the same time we see also Nikkei225 breaking below the channel support; decisive move through it would be very bullish for JPY next week.

USDJPY, 1h

Nikkei225, Daily