USD/JPY facing bearish pressure, potential for further drop

Trading Recommendation

Entry: 107.441

Reason for Entry: Horizontal swing high resistance and 78.6% fibonacci retracement

Take Profit: 106.773

Reason for Take Profit: Horizontal overlap support, 50% fibonacci retracement

Stop Loss: 107.660

Reason for Take Profit: Horizontal swing high resistance, 61.8% fibonacci extension