USDJPY is facing bearish pressure as MACD is still holding below 0 line after price has reversed from swing high resistance. A break and close below Pivot, in line with 61.8% Fibonacci retracement and 100% Fibonacci extension, could see price swing towards 1st Support, which is a horizontal swing low support.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-facing-bearish-pressure-potential-push-down"
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