USDJPY Forecast

The USDJPY continued its bearish momentum yesterday, closed below 78.24 and hit 77.77 earlier today in Asian session. The bias remains bearish in nearest term testing 77.35 before retesting 76.21. On the upside, another move back above 78.24 could lead price to neutral zone in nearest term but as long as price stays below 79.55 my overall technical bias remains strongly to the downside.

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