USDJPY continues to fall inside the sharp downward impulse wave C, which previously broke the support trendline from February and the support area lying between the support level 109.00 and the 38.2% Fibonacci correction of the previous sharp upward impulse wave from the end of February – which strengthened the bearish pressure on this currency pair. USDJPY currency pair can be expected to fall further toward the next support level 108.00 (50% Fibonacci correction of the upward impulse from February and the low of the previous correction 4).
