USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 100.24 and hit 100.08 earlier today. The bias is bearish in nearest term but note that we have a potential double bottom formation at 100.10 area as you can see on my H1 chart below which need to be broken to the downside to continue the bearish scenario testing 99.50. Immediate resistance is seen around 101.15. A clear break above that area would give further confirmation of the double bottom bullish scenario but overall I remain bearish.


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