[m.youssif]

USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 80.83, closed higher at 81.10 and had a volatile movement earlier today in Asian session, hit 81.82 but traded lower around 81.25 at the time I wrote this comment. The bias remains neutral in nearest term. Price has been trapped in range area of 81.95 and 80.85 since October 13 and need a clear break on either side to see clear direction. Break below 80.85 could trigger further bearish pressure targeting 80.00 and keep the major bearish scenario remains strong while break above 81.95 could trigger further bullish correction testing 82.87. Aggressive traders may long around 80.85 or short around 81.95 with tight stop loss.

[m.youssif]

USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 80.83, closed higher at 81.10 and had a volatile movement earlier today in Asian session, hit 81.82 but traded lower around 81.25 at the time I wrote this comment. The bias remains neutral in nearest term. Price has been trapped in range area of 81.95 and 80.85 since October 13 and need a clear break on either side to see clear direction. Break below 80.85 could trigger further bearish pressure targeting 80.00 and keep the major bearish scenario remains strong while break above 81.95 could trigger further bullish correction testing 82.87. Aggressive traders may long around 80.85 or short around 81.95 with tight stop loss.