USDJPY Forecast

The USDJPY had a bullish momentum yesterday, topped at 83.19 and closed at 82.83. This facts keep my bullish outlook intact since the bullish momentum triggered by a V-bottom formation as you can see on my h4 chart below still targeting 84.40 especially if price able to make a clear break above 83.20. However note that actually we haven’t seen consistent momentum in the last three weeks with three Dojis on weekly chart. I still prefer a bullish scenario. Aggressive intraday traders can long around 82.33 with stop loss below 81.80 while conservative traders can long around 81.80 with smaller stop loss with the same bullish target around 84.40.

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