[m.youssif]

USDJPY Forecast
The USDJPY made a false break down below the triangle yesterday before reverse its direction and made a strong break out above the triangle as you can see on my h4 chart below. This fact indicates a potential bullish scenario in nearest term but need a clear break above 81.95 to continue the upside recovery testing 82.87. Immediate support at 81.20. Break below that area could lead us to neutral zone as direction would become unclear and keep us in boring market and range area of 81.95 – 80.24.

[m.youssif]

USDJPY Forecast
The USDJPY made a false break down below the triangle yesterday before reverse its direction and made a strong break out above the triangle as you can see on my h4 chart below. This fact indicates a potential bullish scenario in nearest term but need a clear break above 81.95 to continue the upside recovery testing 82.87. Immediate support at 81.20. Break below that area could lead us to neutral zone as direction would become unclear and keep us in boring market and range area of 81.95 – 80.24.