USDJPY Daily Forecast: October 26

USDJPY Forecast

The USDJPY continued its bullish momentum yesterday, topped at 80.37 but whipsawed to the downside earlier today hit 79.83. The bias is neutral in nearest term but overall I still prefer a bullish scenario. Immediate support is seen around 79.50. A clear break below that area could trigger further bearish pullback testing 79.00. On the upside, 80.50 area remains the nearest bullish target.