USDJPY Forecast

The USDJPY was indecisive yesterday, made a Doji on daily chart. There are no changes in my technical outlook. Nearest term bias remains bearish testing the record low 75.56 but I still prefer to have a long term perspective, seeing area above 75.56 as a buy zone expecting a bullish reversal scenario with a tight stop loss below 75.56. Immediate resistance is seen around 77.00 followed by 77.50.

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