USDJPY Forecast

The USDJPY had a bullish momentum on Friday and now testing 77.80 resistance area as you can see on my daily chart below. Short around 77.80 is still a good intraday plan for me with a tight stop loss above 77.80 and target remains around 76.30 – 75.56. A clear break and daily close above 77.80 not only would stop the bearish intraday outlook but also could create another major bullish reversal scenario after hit the record low.

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