[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday. On hourly chart below we can see price is moving inside a descending triangle, suggests the bearish correction likely to continue especially if price able to make a clear break below the triangle and 83.45 testing 82.55/00 support area. However, note that the major bullish outlook remains intact. Immediate resistance at 84.20 area. A clear break above that area would lead us to neutral zone in nearest term but only a clear break above 84.70 could end the current bearish correction phase.

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday. On hourly chart below we can see price is moving inside a descending triangle, suggests the bearish correction likely to continue especially if price able to make a clear break below the triangle and 83.45 testing 82.55/00 support area. However, note that the major bullish outlook remains intact. Immediate resistance at 84.20 area. A clear break above that area would lead us to neutral zone in nearest term but only a clear break above 84.70 could end the current bearish correction phase.