© Dukascopy Bank
Daily maximum: 83.82
Daily minimum: 83.31
Given a large amount of resistances USD/JPY is currently facing, it will take some time to erode the area from 83.52/84.20. Therefore the pair is likely to drop down to 82.90/77 first and only then current bearish correction will be deemed to be over.
Daily Resistance: 83.52/62; 83.573; 83.86.
Daily Support: 83.44; 83.32; 83.07.
Daily Bias: Neutral.