USDJPY failed descending trendline breakout! Potential for drop!

USDJPY failed to breakout from descending trendline resistance. We may potentially see a drop to our 1st supportat 109.750, in-line with our 61.8% Fibonacci retracement , 78.6% Fibonacci extension and ascending trendline support. Otherwise, price could potentially swing towards 1st resistance at 110.440, in-line with our 78.6% Fibonacci retracement , 100% Fibonacci extension and horizontal overlap resistance.

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