The USDJPY was indecisive on Friday but had some upside pressure earlier today in Asian session and so far rejects to move consistently below 82.00 which is the 38.2% Fibonacci retracement of 76.21 – 85.51. The bias is bullish in nearest term testing 83.30 resistance area ( 23.6% Fibonacci retracement). However note that overall we are still in a bearish phase since the fall from 85.51 and another downside pullback below 82.00 could continue the bearish pressure testing 80.85 support area.
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