USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Overall I remain bearish but as you can see on my H1 chart below price is moving inside a bullish channel after broke above the H1 EMA 200 suggests a valid bullish correction phase. Immediate support is seen around 104.20. A clear break below that area could trigger further bearish pressure testing 103.50 and the lower line of the bullish channel. Immediate resistance is seen around 105.00 followed by 105.50.

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