According to the chart of M30, USDJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 109.60 while the median line of the Neck is set at 110.18/110.23. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of USDJPY will go towards 110.53.