USDJPY Forecast

The USDJPY continued its bearish correction on Friday and now seems ready to test 83.05 key support area, which is also the neckline of the “head and shoulders” bearish formation as you can see on my h4 chart below. A clear break below that area would continue the bearish correction testing 82.50 even back to 81.80. On the upside, we need a clear break above 83.96 (the head) to continue the bullish scenario and reactivated my bullish mode targeting 84.40 and 86.00.

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