Hey traders, for a long time USDJPY has been in an overall uptrend till recently it has climbed downwards aggressively to correct some parts of the bullish move. Price has created many lower highs and lower lows in this section of the chart and this already indicates that USDJPY could potentially be in a downtrend. However, I think that price will need to correct the bearish move and after a retest of the key support zone or the market ranging box, will determine whether or not USDJPY will push upwards. Price has also broken through fractal lows, which would have indicated a downtrend but it was a false breakout and instead reversed and broke the fractal high indicating that price wants to go higher. I hope this analysis helps and good luck traders!