USDJPY Forecast

The USDJPY didn’t make significant movement yesterday. The bias is neutral in nearest term but still within a bearish intraday context after the break below the descending triangle as you can see on my h4 chart below testing 79.55. A clear break below that area could trigger further downside scenario testing 78.24 even 76.21. Immediate resistance remains around 80.85. A clear break back above 80.85 could trigger further bullish pullback testing 81.30 – 81.75 and activate my wait and see mode.

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