USDJPY Forecast

The USDJPY didn’t make significant movement yesterday. There are no changes in my daily outlook and strategy. There were some upside pressure earlier today in Asian session testing 81.20 resistance area. A clear break above that area could trigger further bullish pressure testing 82.20 key resistance. However note that overall price is not trending, making a lot of false breakout/down between 79.55 – 82.20 range area. Aggressive intraday traders can still long around 80.00 – 79.55 with tight stop loss below 79.55 or short around 82.20 also with tight stop loss.  I will keep stay away from this pair for now.

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