USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday bottomed at 106.64. The bias is neutral in nearest term but I still prefer a bullish scenario at this phase targeting 108.50 region as a part of the bullish outlook after broke above the bearish channel as you can see on my daily chart below. Immediate support is seen around 106.60 followed by 106.30. Immediate resistance is seen around 107.50. A clear break and daily close above that area would expose 108.50 area. Overall I remain neutral.

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