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USDJPY: Corrective weakness of the pair remains in place, that they continue to face threats to bear. Despite this, USD/JPY is still biased upside in the short term.

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For the pair to reverse its current corrective weakness and resume its movement to increase, the pair will have to break and hold above the 85.49 level. This will set the stage for another force high collapse of 86.37 canal where you can see some hesitation price. In addition, a distant level 89.15 resistance comes as the next upside objective.

Alternatively, on persistent weakness, the couple will aim at 81.97 level, its Mar 18'2011 low with a loss of targeting level 80.00 and then its 2011 76.18 level low. Its daily RSI is low rally and score support this view.