USDJPY Forecast

The USDJPY continued its bullish momentum yesterday, topped at 83.07 and hit 83.14 earlier today. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 83.20 – 84.00 area. Immediate support is seen around 82.50. A clear break below that area could lead price in neutral zone in nearest term but as long as stays above 82.00 the bullish intraday bias should remain strong and I still prefer to buy on dips.

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