[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday, made another Doji on daily chart indicates consolidation phase. Overall price is still in a bearish outlook of the “head and shoulders” pattern but would need a clear break below 81.61 to continue the bearish scenario targeting 80.90. Immediate resistance at 82.50. A clear break above that area could trigger further upside pullback testing 83.05 (neckline) which could be a threat to the “head and shoulders” bearish scenario.

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday, made another Doji on daily chart indicates consolidation phase. Overall price is still in a bearish outlook of the “head and shoulders” pattern but would need a clear break below 81.61 to continue the bearish scenario targeting 80.90. Immediate resistance at 82.50. A clear break above that area could trigger further upside pullback testing 83.05 (neckline) which could be a threat to the “head and shoulders” bearish scenario.