USDJPY Forecast

The USDJPY continued its bullish momentum yesterday, slipped above 78.27 and hit 78.65 earlier today. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 79.52. Immediate support is seen around 78.27 (former resistance). A clear break below that area could lead price to neutral zone in nearest term but as long as stays above record low 75.56 I still prefer a bullish scenario at this phase expecting huge bullish reversal scenario.

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