The USDJPY continued its bullish momentum yesterday and hit 78.29 earlier today. The bias is bullish in nearest term testing 78.50 – 79.00 region. Immediate support is seen around 77.80. A clear break below that area could lead price to neutral zone in nearest term retesting 77.10. Overall I still prefer a bullish scenario due to a good risk-reward ratio near the record low at 75.56.
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