USDJPY currency pair recently reversed down from the resistance area lying between the key resistance level 110.218 (top of the previous Shooting Star from the end of May) and the upper daily Bollinger Band. The downward reversal from this resistance area created the daily candlesticks reversal pattern bears Engulfing. Given the strongly bearish U.S. dollar sentiment seen across the FX markets today – USDJPY currency pair can be expected to fall further toward the next key support level 108.600 (which has been reversing the price from the start of May).