USDJPY Forecast

The USDJPY was indecisive yesterday but had some bullish pressure earlier today in Asian session hit 81.36 after unable to make a clear break below 80.85 support area. This fact keeps the bullish scenario since the appearance of the hammer candle stick formation intact but would need a clear break above 81.30 to continue the bullish scenario testing 82.00 and 83.30. On the downside, a clear break below 80.85 could trigger further downside pressure testing 80.16 and 79.55 support area. From h4 chart perspective, the movement below the trend line support stopped the medium term bullish outlook and need a clear break above 82.00 to continue the medium term bullish outlook and lead us to a new bullish phase.

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