USDJPY Forecast

The USDJPY was corrected lower yesterday, bottomed at 80.12 and hit 80.00 earlier today. The bias is neutral in nearest term but overall I still prefer a bullish scenario at this phase and the current bearish correction is normal and only a clear break and daily close back below 79.52 could postpone the bullish scenario. Immediate resistance is seen around 80.65. A clear break above that area could trigger further bullish momentum testing 81.46 area and keep the bullish bias remains strong.

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