USDJPY Forecast
The USDJPY was volatile but indecisive yesterday. Price attempted to push lower bottomed at 109.37 but whipsawed to the upside and closed higher at 110.02. Price is moving back above the trend line support after bounced-off the triple bottom formation as you can see on my H1 chart below suggests a potential false breakout bullish scenario. The bias is bullish in nearest term testing 110.90 region. Immediate support is seen around 109.70. A clear break below that area could lead price to neutral zone in nearest term retesting 109.37 key support area.

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