The USDJPY continued its bearish momentum yesterday, break below 80.85 and hit 80.43 earlier today in Asian session. The bias remains bearish in nearest term targeting 79.80 area (61.8% Fibonacci retracement of 76.21 – 85.51). On the upside, another move back above 80.85 would lead us to neutral zone in nearest term but as long as price moves below 82.00 I still prefer a bearish scenario at this phase.
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