First National Innovation Brokers the daily forecast USDJPY August 9th

USDJPY

The USDJPY was indecisive yesterday. The bias is neutral in nearest term but overall price is still in a bearish phase. Immediate support is seen around 96.30. A clear break below that area could trigger further bearish pressure testing 95.80/00 support area. On the upside, key intraday resistance is seen around 97.30/50. A clear break above that area will interrupt the current bearish outlook and activate my wait and see mode.


I’m bullish from 96.20