USDJPY Forecast

The USDJPY had a bullish momentum last week after another failure to make a clear break below 76.21 support area. My hourly chart bias turns bullish now testing 77.80 but note that price is still trapped inside the range area for seven weeks now and we still need a clear break from the range area to see clearer direction. Aggressive traders can still take advantage from current sideways condition by short around 77.80 or long around 76.21 with tight stop loss.

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