USDJPY Forecast
The USDJPY had a bullish momentum last week topped at 109.53 but closed a little bit lower at 109.01 after failed to break above the EMA 200 as you can see on my daily chart below. The bias is neutral in nearest term. I still prefer a bullish scenario as a part of the bullish phase since broke above the bearish channel but need a clear break above 109.50 to resume the bullish phase testing 110.50 or higher. Immediate support is seen around 108.95. A clear break below that area could trigger further bearish pullback testing 108.50 area.

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