USDJPY showing bearish bais

The daily chart a large engulfing candle on 1st July. The current price level (107.486) has been a strong resistance zone previously, and the price tried to break the level a couple of times until finally breaking and moving back to the zone. The price is currently moving sideways in the same zone and showing buy exhaustion.
Chart PatternsTrend AnalysisUSDJPY

Declinazione di responsabilità