USDJPY Forecast

The USDJPY was indecisive on Friday. Overall we are still in short term bearish bias as price still moves inside the bearish channel. I still prefer a bullish scenario and for me 82.33 area remains a good area for a long position with a good risk-reward ratio targeting 84.40 resistance level. A clear break below 82.33 could trigger further bearish momentum testing 81.00 before re-testing 80.00 support area which could be a threat to my bullish outlook.

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