USDJPY Forecast
The USDJPY continued its bullish momentum last week topped at 107.77 but closed lower at 107.32 and hit 107.15 earlier today in Asian session. We have a bearish pin bar printed at resistance area as you can see on my daily chart below suggests a potential bearish pullback. The bias is bearish in nearest term testing 106.60 support area. Immediate resistance is seen around 107.77. A clear break above that area would invalidate the bearish pin bar scenario targeting 108.50 resistance area. Overall I remain neutral.

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