USDJPY Forecast

The USDJPY bullish momentum was paused yesterday and now testing 80.50 support area. A clear break below that area could trigger further bearish pressure testing 80.00 – 79.55 which would keep price a little bit longer in sideways condition between 79.55 – 82.20. I think the best intraday strategy remains to long around 80.00 – 79.55 or short around 82.20 with tight stop loss. The lack of direction and momentum should place risk – reward ratio aspect in a very important point. Be patient and do not rush jump into the market unless you are a long term trader with proper money management plan.

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