USDJPY Forecast

The USDJPY didn’t make significant movement yesterday. Price has been moving sideways between 80.00 – 79.00 since June 07 and need a clear break from the range area to see clearer direction. A clear break and daily close above 80.00 could trigger further bullish scenario testing 81.00 or higher as the bullish reversal scenario after hit the record low might have another chance. On the downside, a clear break and daily close back below 79.00 could trigger further bearish pressure testing 78.27/00 support area.

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