USDJPY Forecast

The USDJPY failed to continue its bearish momentum yesterday and hit 83.09 earlier today in Asian session. Overall price is still in a bearish correction phase and need a clear break above 84.70 to continue the bullish scenario after the intervention, but my intraday bias is now bullish testing 83.77 area. After broke below the descending triangle, the downside pressure was limited and price moved in another symmetrical triangle which is now has been broken to the upside suggests more bullish intraday bias. Immediate support at 82.50. A clear break below that area would lead us to neutral zone in nearest term but would keep the bearish correction remains strong still testing 82.00 key support area.

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