As you can see the USD/JPY at the moment is in a clear uptrend. We are at a point now where we are about to pass through some important resistance levels which could be a big turning point for the pair. The first possible downtrend is due to the resistance level we saw appear twice last month which can be identified by the two down arrows on the left of the chart. I think we will pass through this level nicely and continue up to the next resistance level, as you can see the technical analysis is still pointing towards a buy and the RSI doesn't look like its being overbought however you can see that the ADX is starting to reach below the 20 zone which would indicate a weak trend. If we can pass through this resistance level okay I think the price will continue towards the next level (around 110.5). We saw this as a key resistance level back at the start of February however however the last spike seemed to pass through this fine and so I think Major Resistance at the moment is around 111.00. If you look on the daily chart we can see a strong descending trend line and so I think this is where we will see a dive in the price, however as you know with this pair anything can happen and if it can break through the 111.00 level then I think we have an incredibly strong chance of it reaching up for the 120.00 zone which would be interesting to see. At the moment I think we will carry this uptrend up to 111.00 and this is where I think we will see a break in the uptrend. If it does break the uptrend I think it will dive back down to the 105.00 area. At this moment I think I would be comfortable shorting the pair down to the 108.219 level which is where we have seen support previously. From there If it continues to dive I would be confident in shorting it again longer term down to 105 which would be big profits. I shall update further soon, happy trading!