Greetings.
Let’s take a look at the USD/JPY chart.
The overall trend is bearish, however, it looks like we’re in a short-term retracement. Look for the pair to potentially retrace to the 82.50 level and above.
Once the retracement completes, then look for a turn to the downside to potentially test the 79.50 area and below.
Good luck with trading and be sure to use your money management as well as your stops.
