USD/JPY: While the market trades below the 20-Day SMAs on a close basis, the downtrend remains intact and deeper setbacks below 83.60 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. A break below 83.60 will open a test of next key psychological barriers by 83.00.

The estimated test of key resistance range levels for implementation of the pre-planned sales has not been confirmed, however, low activity of both parties, marked by OsMA trend indicator, suggests preservation of earlier designed trading plans practically unchanged. Namely, as earlier, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator at 84,60/70 levels, 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 sales, on condition of the formation of topping signals the targets will be 84,20/30, 83,80/90, 83,40/50 and (or) further break-out variant up to 83,00/10, 82,60/70, 82,00/20. The alternative for buyers will be above 85,40 with the targets of 85,80/86,00, 86,40/60.

USDJPY lost its downside momentum and traded in a range between 83.62 and 85.89. Lengthier sideways movement in the range would more likely be seen in a couple of days. As long as 85.89 resistance holds, another fall towards 82.00 is still possible, and a breakdown below 83.62 could signal resumption of downtrend.

The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of the anticipated target. OsMA trend indicator, having marked preserved priority of bullish party, considering overall uncertainty regarding planning priorities, suggests further rate return to Senkou Span B line in Ichimoku indicator at 84,60/70 levels, 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 sales, on condition of the formation of topping signals the targets will be 84,20/30, 83,80/90, 83,40/50 and (or) further break-out variant up to 83,00/10, 82,60/70, 82,00/20. The alternative for buyers will be above 85,40 with the targets of 85,80/86,00, 86,40/60.