USDJPY Forecast

The USDJPY had another indecisive movement last week. There are no changes in my technical outlook where price is still in a long period of consolidation phase with low volatility since six/seven months ago. However, looks like the nearest term bias turns bullish now testing 77.30 area. I still prefer to have a long term perspective seeing area above record low 75.56 as a buy zone expecting huge bullish reversal scenario.

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