USDJPY Daily Forecast: February 23

By @ibtimes on

USDJPY Forecast

The USDJPY made a significant bearish momentum yesterday, broke below the neckline of the “head and shoulders” pattern as you can see on my h4 chart below suggests potential further bearish pressure testing 81.80 especially if price able to make another clear break below 82.50 support area. Immediate resistance at 83.05 (the neckline). A move above that area would lead us to neutral zone in nearest term as direction would become unclear.

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