As you can see from the weekly chart above there could be a larger timeframe Head & Shoulders in play.
Price is currently rejecting the $95.00 level again this week which could indicate USD losing some of its recent momentum.
If price produces another bearish close on the week we could see USD prices back into the key area of $91.00.
For the head and shoulders ...
I believe that USDJPY is going to break retest the resistance above. Once a clear new support is found the next target will be the 107.947 level. I have found my target not only through structure, but also through using the fibonacci retracement tool.
