The USDJPY didn’t make significant move yesterday, trapped in a narrow range area of 82.33 – 81.80 as you can see on my h4 chart below. The bias is neutral in nearest term but still with more bearish bias testing 81.80 support area. I’m still interested to long around 81.80 due to a good risk-reward ratio there while bullish outlook triggered by the V-bottom formation remains intact, still targeting 83.20 and 84.40 especially if price able to move consistently above 82.33. A clear break below 81.80 would trigger further bearish pressure testing 81.30 – 80.90 support area.
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