The USDJPY was indecisive yesterday. Price attempted to push lower slipped below 97.00 but closed higher and hit 97.67 earlier today. The bias remains neutral in nearest term. Overall I still prefer a bearish scenario at this phase but need a clear break below 97.00 – 96.70 to continue the bearish scenario. Immediate resistance is seen around 98.00. A clear break above that area would interrupt the current bearish outlook and activate my wait and see mode.
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