USDJPY Forecast

The USDJPY continued its bullish intraday bias yesterday, topped at 77.18 and hit 77.23 earlier today. There are no changes in my technical outlook. Volatility remains relatively low but nearest term bias should remain bullish still targeting 78.27. Immediate support is seen around 77.00. A clear break below that area could lead price to neutral zone in nearest term. Overall 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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