My technical analysis suggests that the USDJPY currency pair is likely to experience a downward movement along a falling channel. The strong support level at the bottom of the channel is expected to provide a rebound for the pair, pushing it up to the range of 134-135. This upward movement may complete the formation of a right shoulder in a Head-and-Shoulder pattern. After that, the pair is likely to continue its downtrend. Traders should monitor the pair's progression towards the support level and be aware of the potential formation of the Head-and-Shoulder pattern in order to make informed trading decisions.