The USDJPY continued its bullish intraday bias yesterday but still unable to break above 81.80. There are no changes in my technical outlook. The bias remains bullish in nearest term. A clear break above 81.80 could trigger further bullish pressure testing 83.00 region. Immediate support is seen around 81.00 – 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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