USDJPY Forecast
The USDJPY had a significant bullish momentum last week, slipped above the bearish channel as you can see on my daily chart below. The bias remains bullish in nearest term testing 113.00 area. Immediate support is seen around 112.20. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 111.40 support area would invalidate the bullish outlook. On the upside, a clear break and daily close above 113.00 would expose 114.00/70 area.

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