USDJPY Forecast
The USDJPY had a bearish momentum last week bottomed at 100.09 but closed higher at 101.01. The bias is neutral in nearest term. Immediate support is seen around 100.65. A clear break below that area could trigger further bearish pressure testing 100.00 – 99.50 region. Immediate resistance is seen around 101.15 followed by 101.65 which remains a good place to sell. Overall I remain bearish.


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