USDJPY Daily Forecast: February 22

By @ibtimes on

USDJPY Forecast

The USDJPY attempted to push lower earlier today in Asian session, bottomed at 82.83 but bounced higher around 83.30 at the time I wrote this comment. My technical view is a little bit mess. The “head and shoulders” scenario remains intact unless price breaks above the right shoulder around 83.50, but my bullish mode will be reactivated only on a clear break above the head at 83.96 targeting 84.40 and 86.00. On the downside, another move below 83.05 would change the intraday technical bias to bearish testing 82.50 and 81.80.

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