USDJPY Forecast
The USDJPY had a bearish momentum last week bottomed at 117.31 and hit 116.69 earlier today. The bias is bearish in nearest term testing 116.07 area. Immediate resistance is seen around 117.50. A clear break above that area could lead price to neutral zone in nearest term testing 118.00 or higher but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

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