After a bounce by 17 % in the second part of the past year the USDJPY has begun a correction phase ( blu trend line ) that is confirmed by the trend line of long periond ( 100) that currently is above the pair's value , as you see in this chart
The pair could remain in the downtrend channel (pitchfork) for the next future , going down to the static support provided by Fibonacci ( 50% ) for May .
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