USDJPY Forecast
The USDJPY still trapped in range area of 81.95 – 80.85 since October 13, indicating consolidation phase but the major scenario remains bearish. The bias remains neutral in nearest term and need a clear break from the range area to see clearer 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.
The USDJPY still trapped in range area of 81.95 – 80.85 since October 13, indicating consolidation phase but the major scenario remains bearish. The bias remains neutral in nearest term and need a clear break from the range area to see clearer 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.