USDJPY 15M: Bearish outlook seen, further downside below 138

On the 15M timeframe, price is showing strong bearish correction. A pullback to the resistance zone at 138.6, which coincides with the 50% Fibonacci retracement, and a break below downside confirmation at 138.3 could provide the bearish acceleration towards the support zone at 138. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.