USDJPY Forecast

The USDJPY didn’t make significant movement yesterday but overall still able to maintain its bearish correction bias. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 80.23 – 79.52. Immediate resistance is seen around 81.80. A clear break above that area could lead price to neutral zone in nearest term. On the upside, we need a clear break and daily close at least back above 83.00 to end the current bearish correction phase.

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