Earlier, the USD/JPY currency pair broke down from its 1-week price channel seen in the 4-hour chart above. As for my technical analysis, this could continue to go down and find some support at the 3-week uptrend. If that support doesn’t hold, the next support could be the 1-month uptrend. Despite the 150-pip intra-day drop, I’m still bullish with this forex pair as long as the 6-month uptrend remains intact. Let’s just wait for it to find some base and bounce back up.