Looking at the weekly chart on Usd/Jpy this retracement that the pair is in now could be more than just a pullback
from the highs - Usd/Jpy has failed to break previous weekly highs, leaving the possibility of a double top

Usd/Jpy weekly chart

Fibonacci expansion area of last move 61.8% has a target above previous highs around 106.4
and this should be the next target for the pair if it is to remain bullish,

if a high is in place it could be a turn to bearish sentiment of the pair with the double top in place;
a break back below 104, the area before the previous move up this week could signal a return back to the 102 area
and bullish sentiment will be lost --- so, beware of this pair at the moment -- gl
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