USDJPY is facing bearish pressure, potential reversal

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar / Japanese Yen

trendanalysis harmonicpatterns chartpattern usdjpy usd jpy

Price is facing bearish pressure from our first resistance in line with our horizontal pullback resistance and descending trend line where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well.

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