USD/JPY: short-term negative
As you can see on the daily chart, USD/JPY met resistance at 100.80 last week (resistance line connecting May and July highs). There may be a negative pattern on the daily chart, especially if the pair closes below 100.00 today.
The prices are currently struggling around support in the 99.90 area (61.8% Fibo of the decline from May to June) and 99.70 (23.6% Fibo of the advance from June to July). The loss of these levels may bring the pair down to 98.75/60.
On the upside resistance lies at 100.50, 100.80 and 101.40.
Chart. H4 USD/JPY