The earlier opened and held short positions had a positive result in attainment of the anticipated targets. OsMA trend indicator, having marked break of key resistance range levels by relative rise of bullish activity, considering uncertainty about choice of planning priorities, suggests bullish cycle incompleteness and, as a result, planning of short-term long positions is favored. Therefore, considering descending direction of indicator chart, we can assume probability of rate return to 83,50/60 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 83,90/84,00, 84,30/40 and (or) further break-out variant up to 84,70/80, 85,10/20. The alternative for sales will be below 83,00 with the targets of 82,60/70, 82,10/20.

USDJPY might be forming a cycle bottom at 83.34 level on 4-hour chart, bounce to 85.00 area would more likely be seen in a couple of days. Support is at 83.34, only break below this level could trigger another fall to 83.00 area.

USD/JPY: While the market trades below the 20-Day SMAs on a close basis, the downtrend remains intact and deeper setbacks below 83.00 can not be ruled out. A close above the 20-Day SMA will be required at a minimum to offer some form of relief to downside pressures. The market has not closed above the 20-Day SMA since mid-June when the pair was trading over 90.00.

Current level - 83.63

The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.

Finally, the pair broke through 83.59 low and with the current resistance at 84.01 the overall bias is negative for 82.50, en route to 80.+ sentiment area. Crucial on the upside is 85.22.