USDJPY: ⬇️ Sell
- USDJPY reversed from resistance area
- Likely to fall to support level 154.50
USDJPY currency pair recently reversed down from the resistance area between the strong resistance level 157.20 (former monthly high from November) and the upper daily Bollinger Band.
The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
Given the strongly bearish US dollar sentiment seen today, USDJPY currency pair can be expected to fall to the next support level 154.50 (low of the previous waves (a) and (c)).
 and the upper daily Bollinger Band.){kind=link}