USDJPY Forecast

The USDJPY attempt to push lower yesterday but found a good intraday support around 78.24 as you can see on my daily chart below. The bias remains bearish in nearest term especially if price able to make a clear break and daily close below 78.24 testing 76.21. Immediate resistance is seen around 78.80 – 79.00. A clear break above that area could lead price to neutral zone in nearest term but as long as price stays below 79.55 I still prefer a bearish scenario at this phase.

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