The USDJPY had a bullish momentum yesterday and hit 99.13 earlier today. Price slipped above the trend line resistance as you can see on my daily chart below suggests a potential bullish outlook. The bias remains bullish in nearest term testing 99.50 or higher. Immediate support is seen around 98.50. A clear break below that area could lead price to neutral zone in nearest term testing 98.00 – 97.80. On the upside, a consistent movement and weekly close above 99.00 – 99.50 would activate my bullish mode testing 100.00 – 100.80.
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