There' a "V-Top" pattern, so the pair is likely going to test the closest support at 1.3996 - 1.3979. Meanwhile, if a pullback...
USD/JPY: "Window" going to act as resistance
The last bullish “Harami” led to a new high. Therefore, the market is likely going to test the upper “Window” in the short term. If any bearish pattern arrives afterwards, there’ll be an opportunity to have a downward correction.
The lower “Window” has acted as a support, so we’ve got a “Three Methods” pattern. In this case, the market is likely going to continue moving up towards the upper “Window”.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.