USD/JPY Outlook: Bearish Outside Day Sparks Extension Of Pullback From New High At 109.85

<p>The pair remains firmly in red on Tuesday (following Monday’s 1.05% drop) and extends pullback through 108.40/24 support zone, consisting of 200DMA/Fibo 38.2% of 105.98/109.85 / 10DMA / 100DMA. Monday’s long red daily candle formed bearish outside day which signals top and adds to bearish pressure. Fresh extension lower cracked supports at 107.91 (20DMA / […]</p>
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