USDJPY Forecast
The USDJPY had a bearish momentum last week bottomed at 101.97. The bias is bearish in nearest term testing 101.50. Immediate resistance is seen around 102.75. A clear break above that area could lead price to neutral zone in nearest term testing 103.50 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 101.50 could trigger further bearish pressure testing 100.00 – 98.80 region.

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