USDJPY Forecast:

The USDJPY continued its bullish momentum on Thursday, topped and closed at 93.13. On h4 chart below we can see that price still moving convincingly inside the bullish channel indicating strong bullish momentum. The bias remains bullish in nearest term targeting 94.00/50 area. Break above that area should lead us into a new bullish phase targeting 97.75 in longer term. Immediate support at 92.50. Break below that area should lead us into no trading zone in nearest term but I am still in buy mode for this pair.

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