USDJPY Forecast

The USDJPY continued its bearish bias yesterday after failed to make a clear break above 84.40 key resistance area last week. On h4 chart below we can see price seems ready to test the trend line support (white) and 83.10 support area in nearest term. Overall we are still in range market. A clear break below the trend line support could trigger further bearish pressure testing 82.80/50. Immediate resistance at 84.11 followed by 84.40. Technically we still need a clear break above 84.40 to continue the bullish scenario testing 85.00/20.

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