The USDJPY had a bearish momentum last week, slipped below 76.21. While my short term bias is bearish, note that price is still unable to stay consistently below 76.21 so far. A clear break and daily close below 76.21 could trigger further bearish scenario testing 75.00 area. On the upside, only a clear break and daily close above 77.80 could trigger further bullish scenario, an early signal of a bullish reversal outlook.
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