A fall is possible.
On the daily chart, the third wave of the higher level 3 ended, and a downward correction forms as the fourth wave 4, within which the wave of the lower level a of 4 develops. Now, the wave (v) of a is developing, within which the wave v of (v) is forming. If the assumption is correct, the USD/JPY pair will fall to the area of 127.36–121.67. In this scenario, critical stop loss level is 138.00.