USDJPY Forecast

The USDJPY was indecisive on Friday and still trapped in the range area as you can see on my daily chart below. The overall bias remains bullish on hourly and h4 chart but need a clear break and daily close above 77.80 to confirm further bullish pullback scenario testing 78.50 and 79.55 area. Immediate support remains around 77.00. A clear break and daily close below that area would keep price in this sideways mode a little bit longer, retesting 76.21/00 key support area.

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