USDJPY Daily Forecast: July 05

USDJPY Forecast

The USDJPY attempted to push higher earlier today, slipped above 80.00 but further bullish momentum was rejected and traded lower around 79.70 at the time I wrote this comment. There are no changes in my technical outlook. Price has been moving sideways between 80.00 – 79.00 since June 26 and need a clear break from the range area to see clearer direction. As long as stays below 80.00 my overall intraday bias remains to the downside. There are many high impact news/data release today from the Euro zone, UK, US and US NFP tomorrow which likely to create high volatility.

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