The currency pair has reached a resistance level

The USDJPY pair is focused on the resistance of 129.77. The break of this resistance marks the end of the correctional movement starting from 131.34 at 126.35 and USDJPY will be ready to hit 131.34 again.

However, with the breakout of 126.35, the pair could continue its recent downtrend. However, the market is expected to be restricted by the key support of 125.09 and the price will return to the upside.

* Technical H4 analysis of USDJPY

* Technical daily analysis of USDJPY