USDJPY Forecast

The USDJPY continued its bullish momentum yesterday and slipped above 79.20 key resistance area. The bias remains bullish in nearest term testing 80.00/50 resistance area. Immediate support remains around 78.50. A failure to move consistently above 79.20 and a break back below 78.50 will keep the bearish scenario remains strong retesting 77.65 strong support area.

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