USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 108.31. This is a good sign for the bearish scenario, but note that as long as stay above 108.13, the hammer/pin bar bullish reversal warning remains valid. The bias is bearish in nearest term testing 108.13. A clear break below that area would expose 107.50 or lower. Immediate resistance is seen around 108.80. A clear break above that area could lead price to neutral zone in nearest term testing 109.20 area but key resistance remains at 110.10.


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