First National Innovation Brokers the daily forecast USDJPY August 9th

USDJPY

The USDJPY continued its bearish momentum yesterday and hit 96.09 earlier today. The bias remains bearish in nearest term testin 95.70/00 support area. Immediate resistance is seen around 96.80. A clear break above that area could lead price to neutral zone in nearest term but any upside pullback now is normal and overall I still prefer a bearish scenario at this phase.