USDJPY Forecast

The USDJPY was corrected higher last week and now seems ready to test 80.00 important resistance area. The bias is bullish in nearest term especially if price able to make a clear break and daily close above 80.00 testing 81.00 region and give the major bullish reversal scenario another chance after hit the record low. Immediate support is seen around 79.00. A clear break and daily close back below that area could lead price to neutral zone in nearest term as direction would become unclear.

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