USDJPY Forecast
The USDJPY attempted to push lower last week bottomed at 101.20 but closed higher at 102.68. The bias is neutral in nearest term but overall I remain bearish. Immediate support is seen around 102.00. A clear break and daily close below that area could trigger further bearish pressure testing 101.15 region. Immediate resistance is seen around 103.00 which is a good place to sell with a tight stop loss as a clear break and daily close above that area would expose 104.00 region.


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