USDJPY Forecast

The USDJPY bearish momentum was stopped yesterday after a failure to break below 80.23 key support area and hit 81.42 earlier today. The bias is bullish in nearest term testing 81.80. Immediate support is seen around 80.80. A clear break below that area could lead price to neutral zone in nearest term retesting 80.23 – 79.52 support area, which remains a good place to buy with a stop loss below 79.52.

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