USDJPY Forecast

The USDJPY bullish momentum was paused yesterday but found a good support around 79.70 and hit 80.36 earlier today. There are no changes in my technical outlook. The bias remains bullish in nearest term still testing 81.46 area. On the downside, a clear break below 79.70 could lead price to neutral zone in nearest term but overall I still prefer a bullish scenario at this phase expecting huge bullish reversal scenario after hit the record low four months ago.

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