The USDJPY attempted to push higher last week topped at 80.37 but closed lower at 79.62 on Friday. The bias is neutral in nearest term but overall I still prefer a bullish scenario at this phase. Immediate support is seen around 79.40. A clear break below that area could trigger further bearish pressure testing 79.00. Immediate resistance is seen around 79.75/80. A clear break above that area could trigger further bullish pressure testing 80.00/50 which needs to be clearly broken to the upside to continue the bullish scenario.
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