USDJPY Forecast

The USDJPY regained its bullish momentum yesterday, topped at 82.98 after another failure to stay below 81.80 support area. The bias is bullish in nearest term especially if price able to make a clear break above 83.00 testing 84.00/17 area. Immediate support is seen around 82.30 (former resistance). A clear break back below that area could lead price to neutral zone in nearest term but as long as stays above 81.80/50 I still prefer a bullish scenario at this phase with buy on dips strategy.

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