The USDJPY failed to continue its bullish momentum yesterday and hit 97.26 earlier today. As you can see on my daily chart below price is testing the trend line support. The bias is bearish in nearest term. A clear break and daily close below the trend line support and 97.00 could trigger further bearish scenario testing 95.70. Immediate resistance is seen around 98.00 A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.
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