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USDJPY is facing bearish pressure, potential for further drop

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
TradeGATEHub  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY usdjpyshort
40
1
trendanalysis harmonicpatterns chartpattern usdjpy usdjpyshort
Price is testing resistance in line with our 23.6% fibonacci retracement and horizontal pullback resistance where we could see a reversal below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
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