USDJPY Forecast

The USDJPY continued its bearish momentum yesterday, bottomed at 81.84 and closed at 82.10. The bias remains bearish in nearest term especially if price able to break below 81.80 support area targeting 81.00 before testing 80.00. Immediate resistance at 82.33. Break above that area could lead us to neutral zone in nearest term testing 82.70 but as long as price moves inside the bearish channel we are still in bearish phase.

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