USDJPY Forecast
The USDJPY regained its bullish momentum yesterday topped at 109.44. The bias is bullish in nearest term testing the daily EMA 200 located around 109.50 region. A clear break above that area would expose 110.50 resistance area. Immediate support is seen around 109.00. A clear break back below that area could lead price to neutral zone in nearest term testing 108.50 support area but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. My major technical outlook remains neutral.

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