USDJPY Forecast

The USDJPY continued its bullish momentum last week, topped at 84.17 but closed a little bit lower at 83.41. There are no changes in my technical outlook. The bias is neutral in nearest term but overall I still prefer a bullish scenario at this phase. 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 84.00/17 before testing 85.00/50 region.

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