USDJPY Forecast:

The USDJPY continued its bullish momentum yesterday, topped at 92.80 and closed at 92.70. The bias remains bullish in nearest term especially if price able to move consistently above 93.00 area targeting 94.00/20 region. Immediate support at 92.50 area. Break below that area could trigger further bearish pullback testing 92.00 area but I still prefer a bullish scenario with buy on dips strategy at this phase.

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