USDJPY Forecast

The USDJPY attempted to push lower yesterday but again, found a good support around 81.80 area. The bias is neutral in nearest term but as long as stays above 81.80/50 I still prefer a bullish intraday scenario. Immediate resistance is seen around 82.50. A clear break above that area could trigger further bullish pressure testing 83.00 area. On the downside, a clear break and daily close below 81.80/50 could postpone the bullish scenario testing 80.23 – 79.52 support area.

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