USDJPY Daily Forecast: May 13

By @ibtimes on

USDJPY Forecast

The USDJPY made another indecisive movement yesterday, formed another Doji on daily chart. The bias remains neutral in nearest term. Price is now struggling around 80.85 support area. Another clear break below that area and the trend line support (red) could trigger further bearish pressure testing 79.80 but note that we need a clear break below 79.80 to continue the bearish scenario since the fall from 85.51. As long as price stays above 79.80 price is still in a consolidation phase from an h4 chart point of view.

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