The USDJPY failed to continue its bearish momentum yesterday and hit 98.24 earlier today. The bias is bullish in nearest term but as long as stays below 99.00 I still prefer a bearish scenario at this phase. Immediate support is seen around 97.50. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario remains strong testing 96.80 or lower. On the upside, a clear break above 99.00 would activate my bullish mode.
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