The daily chart trend remains up but has sold off following the test of the 114.54 to 114.72 monthly resistance area. 

A further retest and failure at the monthly resistance area would signal a reversal in the immediate trend and present an ideal opportunity to sell at a strong resistance area.

Should price reverse the short term target would be 112.21 monthly support, followed by 110.96 monthly support.

https://acy.com/en/market-news/market-analysis/usdjpy-reversal-at-monthly-resistance-area-114701

https://www.youtube.com/watch?v=vSxCGsNpHhg

USDJPY Reversal At 114.54 to 114.72 Monthly Resistance Area

Oct 26 2021