USDJPY Forecast

The USDJPY had a bearish momentum yesterday and hit 77.04 earlier today in Asian session. There are no changes in my daily technical outlook. The bias remains bearish in nearest term retesting the record low 76.21. Immediate resistance is seen around 78.00. A clear break above that area could lead price to neutral zone in nearest term testing 78.50 region but as long as price stays below 79.55 my overall technical bias remains strongly to the downside.

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