USDJPY Forecast

The USDJPY had a bearish momentum yesterday and now traded below 81.61 support area suggests the downside pressure remains strong. The bias remains bearish in nearest term still targeting 80.85. Looks like there is a good intraday support around 81.25, but as long as price stays below 82.00 the intraday bias remains to the downside. Another move back above 82.00 would lead us to neutral zone as intraday direction would become unclear testing 82.50/73 resistance area.

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