USDJPY Forecast:

The USDJPY continued its bearish momentum yesterday. The bias is bearish in nearest term but note that we have a strong support around 84.82/73 area that need to be broken to the downside to open the door testing 83.35 region. Immediate resistance at 85.66 (yesterday’s high). Break above that area could trigger further upside correction testing 86.25 and the trendline resistance.

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