USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 101.20 but closed higher at 101.72. The bias remains bearish in nearest term testing 100.70 area as a part of the false break (above 104.00) bearish scenario. A clear break and daily close below 100.70 could trigger further bearish pressure retesting 99.50 region. Immediate resistance remains around 102.00. A clear break above that area could lead price to neutral zone in nearest term testing 102.50 which is a good place to sell with a tight stop loss.

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