USDJPY Forecast

The USDJPY was indecisive yesterday. The bias is neutral in nearest term but still in the context of a bearish scenario after the violation of the trend line support targeting 80.00 area. Immediate resistance at 81.84 (yesterday’s high). Break above that area could trigger further upside pressure testing 82.33 which could be a threat to the bearish outlook. Happy New Year! May we all have a more profitable year.

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