USDJPY bounced strongly from 82.87 and is now facing 85.89 key resistance, a clear break above this level will suggesting that a cycle bottom has been formed on daily chart and the fall from 92.88 has completed, then the following upward move could bring price to 90.00 area. Key support is at 82.87, only break below this level could trigger another fall to 82.00 zone.
For long term analysis, USDJPY may be forming a cycle bottom at 82.87 level on weekly chart, bounce to 90.00 would more likely be seen in next several weeks.
