USDJPY Forecast

The USDJPY failed to continue its bullish correction yesterday. Expected range in nearest term remains at 85.15 – 83.59/35 but still with more downside bias.  Immediate support at 84.03. Break below that area could trigger further bearish pressure re-testing 83.59/35. On the upside, only break above the trendline resistance could be a serious threat to the current bearish outlook.

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