USDJPY Forecast
The USDJPY was indecisive yesterday, but traded lower earlier today in Asian session hit 109.37. Price slipped below the trend line support as you can see on my H1 chart below, suggests a potential bearish view. The bias is bearish in nearest term. However, we have a triple bottom formation at 109.37 which need to be clearly broken to the downside to validate the bearish view testing 108.70 before retesting 108.10 key support. Immediate resistance is seen around 110.00. A clear break and daily close above that area would create a false breakout bullish scenario retesting 110.90 region.

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