USDJPY Forecast

The USDJPY was corrected lower yesterday, bottomed at 83.15 and closed at 83.31. The CCI bearish divergence gave us a valid bearish pullback warning and this bearish momentum would continue if price able to make another break below 83.05 testing 82.60. Immediate resistance at 83.66. A clear break above that area would keep the bullish scenario remains strong but would need a clear break above 83.96 to confirm the bullish scenario targeting 84.40 and 86.00.

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