USDJPY is facing bearish pressure as it holds under moving average resistance. We could see further downside below Pivot, in line with 38.2% Fibonacci retracement, 50% Fibonacci extension and 127.2% Fibonacci extension, towards 1st Support, in line with 100% Fibonacci extension and horizontal swing low support.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-facing-bearish-pressure-possible-drop"
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