Last week the greenback made an attempt to bounce but didn’t manage to overcome the 83.20 level.

Technical analysts at MIG Bank claim that as long as the pair USD/JPY is trading below the resistance in the 83.22/68 area, the outlook will remain bearish. The specialists note that US dollar may fall to support at 81.85 and then 80.93 minimum ahead of November swing low at 80.24.

According to MIG Bank, the pair will confirm a base at 80.90 only when it gets above December maximum at 84.51. Then the pair will be able to rise to 85.94 and even 88.14/90.00.



Chart. H4 USD/JPY

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