USDJPY Forecast

The USDJPY was corrected lower yesterday, bottomed at 82.66 and now struggling around 82.80. The bias remains neutral in nearest term. I still prefer a bullish scenario, but as you can see on my h4 chart below, we have a head and shoulders bearish pattern which is a serious threat to the bullish outlook. My bullish mode would be re-activated by a clear break above the left shoulder around 83.40 targeting 84.40 as the H&S bearish scenario would no longer valid. Immediate support at 82.33.

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