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USDJPY is facing bearish pressure, potential for further drop

Short
U.S. Dollar / Japanese Yen (SAXO:USDJPY)  
TradeGATEHub  
SAXO:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY usdjpyshort usdjpylong
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trendanalysis harmonicpatterns chartpattern usdjpy usdjpyshort usdjpylong
Price is facing bearish pressure from our first resistance in line with our horizontal pullback resistance and 23.6% fibonacci retracement where we could see a further drop to our first support target. The Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
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