USDJPY Forecast

The USDJPY was volatile yesterday but the overall intraday bias was more to the upside. Although the movement was much better than most daily movement in the last two months, note that price still trapped in the range area and need a clear break and daily close above 77.80 to continue the bullish scenario and activate my bullish mode. 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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