USDJPY currency pair recently reversed down from the resistance area lying between the key resistance level 111.000 (which sopped the sharp uptrend in March), upper daily Bollinger and the resistance trendline of the narrow up channel from the end of May. The downward reversal from this resistance zone will most likely create the daily candlesticks reversal pattern Bearish Engulfing – is the pair closes today near the current levels. Given the strength of the aforementioned the resistance area – USDJPY currency pair can be expected to fall further toward the next support level 110.000 (intersecting the daily up channel from May)