Short term trend: Bearish Ichimoku analysis (1 Hour chart): Tenkan-Sen level: 119.28 Kijun-Sen level: 119.16 Ichimoku cloud top: 120.67 Ichimoku cloud bottom: 120.82 USD/JPY has taken support at 117.90 (23.6% retracement of 105.18 to 121.83) and retraced till 119.89 (50% retracement of 121.83 and 117.90). Overall trend is weak as long as resistance 120.35 (61.8% retracement of 121.83 and 117.90) holds. The break of 117.90 will target 117.25/116.32 (Nov 18th low).