USDJPY, facing bearish pressure. Potential for further downside.

Description:
Price is holding below the EMA (34) and trendline, showing bearish pressure. A further push down from our pivot 102.878 where the 50% Fibonacci retracement and horizontal swing high resistance are, towards first support at 102.602 is possible. Otherwise, failing to hold below pivot would see price swing towards 1st resistance where 61.8% Fibonacci retracement is.

Pivot: 102.878
Supporting Points:
the 50% Fibonacci retracement and horizontal swing high resistance

1st Support: 102.602
Supporting Points:
horizontal swing low support

1st Resistance: 103.066
Supporting Points:
the 76.4% Fibonacci retracement


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