USDJPY continues to consolidate with all of yesterday’s trading within Monday’s parameters, an indecisive Inside Day. However, this has produced a sequence of 2 lower daily highs as rallies continue to be sold. Although a break of Mondays low (79.32) is need to confirm the bearish momentum, the bias is assessed to be negative going into today. In view of these facts our call is bearish below 79.65. The profit targets are 79.21, 23rd May base, then 79.02-78.99, last week’s base, then towards
