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USDJPY Forecast
The USDJPY had another insignificant movement yesterday but overall still able to maintain its bearish bias. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 77.65 strong support area. Immediate resistance remains around 79.00/20. A clear break back above that area will reactivate my bullish mode testing 80.00/50 area. I still prefer a bullish scenario at this phase due to a good risk – reward ratio near the historical/record low.
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