The Usdjpy was indecisive yesterday. The bias is neutral in nearest term but overall I remain bullish. Immediate support is seen around 117.35. A clear break below that area could trigger further bearish pressure testing 116.50 – 116.00 support area but any downside pullback should be seen as a good opportunity to buy. Immediate resistance is seen around 118.20 followed by 118.65.
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