The USDJPY didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 77.65 support area. Immediate resistance remains around 78.50. A clear break above that area could lead price to neutral zone in nearest term but only a clear break and daily close above 79.00/20 could interrupt the bearish intraday bias. I still prefer a bullish scenario at this phase due to a good risk – reward ratio after hit the historical/record low at 75.56.
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