USDJPY Forecast

The USDJPY failed to continue its bullish momentum yesterday but still able to move above 79.00 support area and keep the bullish intraday bias remains intact still testing 80.00 resistance area. There are no changes in my technical outlook. A clear break and daily close above 80.00 could trigger further bullish scenario testing 81.00 or higher as the bullish reversal scenario after hit the record low might have another chance. On the downside, immediate support remains around 79.00. A clear break and daily close back below that area could lead price to neutral zone in nearest term as direction would become unclear.

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