USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bearish short-term bias following a break above the bearish channel as you can see on my daily chart below. The bias is neutral in nearest term but I still prefer a bullish scenario at this phase with nearest target seen at 109.50 (daily EMA 200). Immediate support is seen around 108.50. A clear break below that area would interrupt the current bullish phase testing 107.77 region or lower. On the upside, a clear break and daily close above 109.50 would expose 110.50 area or higher. My major technical outlook remains neutral.

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