USD/JPY is consolidating losses after sliding as low as 81.98 as stops-loss sell orders were triggered on the break below support at 82.25 earlier today. Bears are licking their chops, gunning for a return to the 80 handle…
Not so fast! Support is seen nearby from the 61.8% retracement of the recent 80.92/83.66 rally at 81.96….Further support is at 81.66 along the way. 82.30/40 is now solid resistance near-term.
