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USDJPY H4: Bearish outlook seen, further downside below 137.50

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Dolar A.S. / Yen Jepun (VANTAGE:USDJPY)  
T3-Consultancy  
VANTAGE:USDJPY   Dolar A.S. / Yen Jepun
Trend Analysis Harmonic Patterns Chart Patterns usjdpy USD jpy usdjpybearish usdjpybuy usdjpysell Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usjdpy usd jpy usdjpybearish usdjpybuy usdjpysell forex forextrading forexsignals
On the H4 time frame, prices are facing bearish pressure from the resistance zone at 137.50 which lines up with the 78.6% Fibonacci retracement level. We could see a reversal below the 137.50 resistance zone to our support zone at 135.50 which is also the graphical support zone and 38.2% Fibonacci retracement. Stochastics is testing resistance as well supporting the bearish bias.
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