USDJPY Forecast

The USDJPY made another indecisive movement yesterday, but had a significant bearish momentum earlier today in Asian session, broke below 82.33 key support area. This fact is a serious threat to my bullish outlook targeting 81.80/60 in nearest term before testing 81.00 – 80.00 support area. On the upside, another consistent move above 82.33 could lead us to neutral zone in nearest term and would keep my bullish scenario intact as a false breakdown scenario could be produced, still targeting 84.40 resistance area.

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