The currency pair fluctuates in the downtrend channel

The correction that started at 131.34 continues and the USDJPY technical outlook remains unchanged. The pair could move lower, but the bearish correction is expected to be limited by the key support of 125.09 and the price will return to the upside.

From the buyers’ point of view, if the partial resistance of 129.77 is broken, USDJPY will be ready to re-strike at 131.34.

* Technical H4 analysis of USDJPY

* Technical daily analysis of USDJPY