USDJPY Forecast

The USDJPY continued its bullish momentum yesterday. On h4 chart below we have a big bullish candle as price made a strong breakout above 82.33. The bias remains bullish in nearest term testing 84.40, which is a key resistance area at this phase. Break above that area could be an early signal of a long term bullish reversal scenario. Immediate support at 82.80. Break below that area could lead us to neutral zone in nearest term as direction would become unclear testing 82.33 support area.

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