USDJPY Forecast:

The USDJPY slipped above the trendline resistance yesterday but made a false break out and whipsawed to the downside after h4 candle failed to close above the trendline resistance, bottomed at 84.50, violated the minor bullish channel to the downside and hit 84.29 earlier today in Asian session. This facts indicate potential bearish continuation re-testing 83.59/35 region. Immediate resistance at 84.82. Break above that area could lead us into neutral zone in nearest term testing 85.33 but the main scenario remains bearish as long as price move below the trendline resistance.

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