USDJPY Facing bearish pressure | 26 July 2021
Price broke below ascending trendline support, now resistance. A further drop below our entry and 38.2% Fibonacci retracement at 110.419 towards graphical swing low and graphical support zone at 110.034 could be expected. RSI is also reacting below resistance where price pulled back in the past and we see bearish divergence as well.
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