The ascending trend line is broken to the downside and price has been fixed below the line.

The chart trying to form a head and shoulder pattern. I expect a fall on USDJPY around 0.618 and 0.786 Fib (118.674 and 117.00), and then continue the bullish movement.
Fibonaccihead_and_shoulderHead and ShouldersshortTrend LinesUSDJPY

Penafian