Resistance: 81.71 moderate/82.25 minor/83.04 minor Support: 80.92 strong/80.37 moderate/79.58 minor USDJPY is generally bullish with Hourly Bearish Engulfing occurring near a strong support level at 80.92, the Pivot Point. With the pivot directly beneath us a close under 80.92 has to be seen before jumping short. The immediate object will be 80.37 break of which suggest you have a tanking market with 79.58 as its target. Stops should be placed above the Pivot Point or alternatively the
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USDJPY Bearish Engulfing Hourly Chart