The USD/JPY bounced at the resistance (orange) and the support trend line (blue). The corrective and choppy price action seems to be confirming the expected triangle chart pattern.
The USD/JPY will probably move lower to test the bottom of wave B (purple). A bullish bounce above the bottom of wave B could confirm the development an ABCDE triangle pattern within wave B (pink).
The USD/JPY seems to have completed an ABC wave within wave W (blue) and price could now be building an ABC within wave X. The Fibonacci levels are expected to act as resistance for a bearish turn but a break above the 100% Fib level invalidates the zigzag. A break below the support trend line (blue) would confirm the bearish breakout towards the Fibonacci targets.