USDJPY Forecast

The USDJPY attempted to push higher yesterday after bounced from 79.55 strong intraday support area but found a good resistance around 80.40. The bias is neutral in nearest term. Price has been moving indecisively since Monday. Overall my technical intraday bias remains to the downside but would need a clear break below 79.55 to continue the bearish scenario testing 78.24 and 76.21. On the upside, a clear break above 80.85 and a break above the trend line resistance (white) would be a threat to my bearish outlook testing 81.30 – 81.75 even higher.

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