USDJPY Forecast

The USDJPY attempted to push higher yesterday, but whipsawed to the downside after failed to break above 84.40 key resistance area, bottomed at 83.10 and closed at 83.44. The bias is bearish in nearest term especially if price able to make a clear break below 83.10 targeting 82.50/20 support area. On the upside, we still need a clear break above 84.40 to continue the bullish scenario targeting 85.00/20. I will stand aside for now.

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