[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday but bounced higher earlier today in Asian session hit 82.22. The bias is bullish in nearest term testing 82.50 resistance area. A clear break above that area would trigger further upside pullback testing 83.05 and could be a threat to the “head and shoulders” bearish scenario. On the downside, we need a clear break below 81.61 to continue the bearish pressure testing 81.30 – 80.90.

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday but bounced higher earlier today in Asian session hit 82.22. The bias is bullish in nearest term testing 82.50 resistance area. A clear break above that area would trigger further upside pullback testing 83.05 and could be a threat to the “head and shoulders” bearish scenario. On the downside, we need a clear break below 81.61 to continue the bearish pressure testing 81.30 – 80.90.