USDJPY Forecast

The USDJPY failed to continue its bullish momentum last week. There are no significant movement so far so there are no changes is my technical outlook as well as price has been trapped in the range area for two months now as you can see on my weekly chart below. Aggressive intraday 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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