USDJPY Forecast:

The USDJPY attempted to push lower yesterday, slipped below 93.75 but further bearish pressure was rejected as price bounced to the upside, traded around 94.20 earlier today in Asian session at the time I wrote this comment. My major technical view remains bullish so I am expecting bullish continuation targeting 95.50 area from here. However, a clear break below 93.55 area could be seen as a serious threat to my bullish outlook testing 92.50/00 region.

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