USDJPY 15M: Bearish outlook seen, further downside below 138
On the 15M timeframe, price is showing strong bearish correction. A pullback to the resistance zone at 138.6, which coincides with the 50% Fibonacci retracement, and a break below downside confirmation at 138.3 could provide the bearish acceleration towards the support zone at 138. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.
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