USDJPY Forecast

The USDJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but I think we are still in a good condition of a bullish scenario as after made a false breakdown below the triangle price still able to move above the triangle so far. A clear break above 83.96 could trigger further bullish momentum testing 84.40 before testing 86.00. However, as you can see on my h4 chart below, we have CCI bearish divergence suggesting a potential downside pullback testing 83.05 support area. I don’t expect any move below that support, but a break below that support would activate my wait and see mode as direction would become unclear.

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