USDJPY Forecast

The USDJPY failed to continue the bullish momentum yesterday, slipped below 77.00 and now struggling around that area. This fact keeps price in consolidation phase, a range market between 76.21 – 77.80. There are no changes in my technical outlook and we need a clear break from the range area to see clearer direction. The best intraday strategy remains to short around 77.80 or long around 76.21/00 with tight stop loss.

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