USDJPY Forecast

The USDJPY continued its bullish momentum yesterday, topped at 84.30 but corrected lower earlier today in Asian session, hit 83.65. The bias is neutral in nearest term. Expected range at 84.40 – 83.40. Break above 84.40 could trigger further bullish momentum testing 85.00/20 and give further validation to bullish reversal scenario. On the other hand, break below 83.40 could trigger further bearish pressure testing 82.87 and keep my medium outlook in a neutral bias.

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