USDJPY Forecast

The USDJPY attempted to push higher yesterday after unable to break below 81.30 support area, topped at 81.84 but closed lower at 81.54. On h1 chart below we can see price is moving in a narrow range of 81.80 – 81.30. The bias is neutral in nearest term but overall my technical view still suggests more downside bias especially if price able to break below 81.30 still targeting 80.90 and 80.30 support area. On the upside, consistent move above 81.80 could trigger further upside correction testing 82.50 resistance area even higher.

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