USDJPY under the bearish pressure after the pair reversed with the daily candlesticks reversal pattern Shooting Star from the round resistance level 110.000, standing near the resistance level 109.700 (top of the previous impulse wave 1), strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 110.00 stopped the previous minor impulse wave 3. Given the rising bullish yen sentiment seen across the FX markets today, USDJPY currency pair can be expected to fall further toward the next support level 109.000.
