[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday. Overall we are still in consolidation phase without clear direction and consistent move which is also indicated by triangle formation as you can see on my h4 below. We need a clear break from the triangle to see clearer direction. Break above the triangle could trigger further upside correction testing 81.95 while a break below the triangle could trigger further bearish continuation re-testing 80.24 – 79.70 area. I think I will stand aside for now.

[m.youssif]

USDJPY Forecast
The USDJPY was indecisive yesterday. Overall we are still in consolidation phase without clear direction and consistent move which is also indicated by triangle formation as you can see on my h4 below. We need a clear break from the triangle to see clearer direction. Break above the triangle could trigger further upside correction testing 81.95 while a break below the triangle could trigger further bearish continuation re-testing 80.24 – 79.70 area. I think I will stand aside for now.