Potential trade setup: USD/JPY analysis

OANDA:USDJPY   U.S. Dollar / Japanese Yen
the weekly candle closed below the 108.000 key support level , huge selling pressure has definitely been present over the last couple weeks, the 107.000 could be a new lower low price region been respected, if we see further pin bars around this region, the price could retrace to the key weekly zone of 108.000 which is also in confluence with the trendline and fib level of 61.8% before then extending lower.


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