The USDJPY didn’t make significant technical move yesterday. The bias is neutral both in nearest and medium term as price still trapped in range area as you can see on my h4 chart below. We need a clear break above 84.40 to continue the bullish scenario targeting 85.00/20. Immediate support remains around 83.64. Break below that area could trigger further bearish pressure testing 83.10.
©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.