USDJPY Daily Forecast: May 17

By @ibtimes on

USDJPY Forecast

The USDJPY didn’t make significant movement yesterday, closed at 80.85 after failed to make a break above 81.33. We had another minor bullish pressure earlier today in Asian session and price still able to maintain position above 80.85 still suggests more upside intraday bias but would need a clear break above 81.33 to continue the bullish momentum at least testing 82.00. On the downside, the trend line support (white) should provide a good support area at this phase. A clear break below the trend line support and 80.30 support area could trigger further bearish momentum retesting 79.80 even lower.

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