nch
Short

Previous support should become resistance

FX:USDJPY   U.S. Dollar/Japanese Yen
49 0 4
The pair is still in the down trend (looking the daily chart )

Also we are really close to the levels of 11 Feb where the volume has massive spike forming a level of supply

On the 31 March the volume is again massive, even though the price move is not big at all, indicating accumulation and on the next 5 days the price is heading south.

I would watch level of 112.362 and I would place a pending order with SL higher than previous high or 114

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