USD/JPY dropping toward our profit target, remain bearish

Price continues to drop towards our profit target. We remain bearish below 117.90 resistance (Fibonacci retracement, horizontal swing high resistance, descending resistance) for a drop towards 116.14 support (Fibonacci retracement, Fibonacci projection, horizontal overlap support).

RSI (34) is seeing descending resistance holding price down.

Sell below 117.90. Stop loss at 118.28. Take profit at 116.14.

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