USDJPY recently reversed down sharply from the resistance area lying between the long-term resistance level 112.300 (which has been reversing the price from the start of 2019) and the upper weekly Bollinger Band. The downward reversal from this resistance area stopped the previous intermediate impulse sequence (3) from the start of this year. Given the moderately bullish Yen sentiment seen across the markets today – USDJPY is expected to fall further toward the next support level 108.000 (which has reversed the price multiple times from last October).