USDJPY Daily Forecast: April 15

By @ibtimes on

USDJPY Forecast

The USDJPY made another indecisive movement yesterday, formed another Doji on daily chart. However, I think the intraday bias remains more to the downside as bearish correction phase is not over yet. Although a little bit mess, the descending triangle bearish scenario remains intact, still targeting 82.55/00 key support area. Immediate resistance at 83.50 followed by 83.80. A clear break above 83.80 would change the intraday bias to bullish but we need a clear break above 84.70 to potentially end the current bearish correction phase.

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