USDJPY is facing bearish pressure as it continues to hold below the descending trendline resistance and MACD is holding under the 0 line. We could see a reversal at Pivot, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance and descending trendline resistance, and further drop towards 1st Support, in line with 61.8% Fibonacci extension and horizontal swing low support.