USDJPY Forecast

The USDJPY attempted to push higher yesterday, topped at 84.17 but further bullish pressure was rejected, closed lower at 83.49. The bias is neutral in nearest term. I still prefer a bullish intraday scenario at this phase. Any downside pullback now is normal and should give us better price to buy on dips. Immediate support is seen around 82.50. A clear break and daily close below that area could trigger further bearish pullback testing 81.80. Immediate resistance is seen around 83.65. A clear break above that area could trigger further bullish pressure retesting 84.00 area but we need a clear break and daily close above 84.00/17 to continue the bullish scenario testing 85.00/50 region.

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