[m.youssif]

USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 82.84 but whipsawed to the upside and closed higher at 83.37. This fact keeps the bullish scenario intact targeting 83.70 – 84.00 in nearest term before testing 84.70 and 85.93. Immediate support at 82.84 (yesterday’s low). Break below that area could lead us to neutral zone in nearest term but overall we are still in bullish phase now.

[m.youssif]

USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 82.84 but whipsawed to the upside and closed higher at 83.37. This fact keeps the bullish scenario intact targeting 83.70 – 84.00 in nearest term before testing 84.70 and 85.93. Immediate support at 82.84 (yesterday’s low). Break below that area could lead us to neutral zone in nearest term but overall we are still in bullish phase now.