USDJPY Daily Forecast: February 09

By @ibtimes on

USDJPY Forecast

The USDJPY was volatile but indecisive yesterday. Price attempted to push lower after break below 82.15, bottomed at 81.77 but bounced to the upside and closed higher at 82.27. The bias is neutral in nearest term. We have a strong intraday resistance around 82.45 and need a clear break above that area to continue the bullish correction scenario and activate my bullish mode still targeting 83.20 – 84.40.  On the downside we seem to have a strong support around 81.80 as there were strong buying activities around that area.

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