USDJPY Daily Forecast: June 17

By @ibtimes on

USDJPY Forecast

The USDJPY failed to continue its bullish momentum yesterday and now struggling around the trend line as you can see on my h4 chart below. The bias is neutral in nearest term. I still prefer a bullish intraday outlook at this phase and only a clear break below 80.50 could be a threat to the bullish outlook retesting 79.55 strong support area. On the upside immediate resistance, which is also my nearest bullish target remains around 82.00.

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