USDJPY Forecast
The USDJPY had another indecisive movement yesterday. Price slipped below 105.50 but unable to stay consistently below that area so far. The bias remains neutral in nearest term. Overall I still prefer a bullish scenario at this phase with a tight stop loss below 105.50. Immediate resistance is seen around 106.00 but key resistance is around the upper line of the falling wedge formation (see my H1 chart below) located around 106.50 area. A clear break above the wedge could trigger further bullish pressure targeting 107.70.


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