USDJPY Forecast

The USDJPY had a bullish momentum yesterday and now testing the trend line resistance as you can see on my h4 chart below. The bias is bullish in nearest term but would need a clear break above the trend line resistance and 80.85 to continue the bullish scenario at least testing 81.75 – 82.00 region. Immediate support at 80.37 (current low). A clear break below that area would lead us to neutral zone in nearest term but would still open the door for another retest of 79.55 key support area. A clear break below that area would activate my bearish mode testing 78.24 even 76.21.

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