USDJPY Forecast

The USDJPY had another insignificant movement yesterday, still with low volatility, moving only about 20 pips. There are no changes in my technical outlook but from a short term perspective closing price has been lower since Friday. The bias remains neutral in nearest term and overall price is still in a long period of consolidation, moving sideways since five months ago. 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.

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