[m.youssif]

USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday, slipped below 83.70 area on broad Yen strength. The bias is bearish in nearest term especially if price able to move consistently below the trend line support and 83.40 targeting 82.87. I personally still prefer a bullish scenario but my wait and see mode is now activated. Immediate resistance at 84.00. Break above that area would keep the bullish scenario remains intact targeting 84.70.

[m.youssif]

USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday, slipped below 83.70 area on broad Yen strength. The bias is bearish in nearest term especially if price able to move consistently below the trend line support and 83.40 targeting 82.87. I personally still prefer a bullish scenario but my wait and see mode is now activated. Immediate resistance at 84.00. Break above that area would keep the bullish scenario remains intact targeting 84.70.