USDJPY Forecast

The USDJPY had a bearish momentum on Friday, erased the bullish pullback on Wednesday and Thursday. This short lived bullish pullback kept the major bearish scenario remains strong retesting 76.21 even lower as a false breakout scenario could be produced. A clear break and daily close below 76.21 could continue the bearish scenario aiming for 75.00 area. Immediate resistance is seen around 77.21 followed by 77.68.

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