The Usdjpy continued its bullish momentum last week topped at 111.08 and hit 111.18 earlier today in Asian session. The bias remains bullish in nearest term testing 111.50 area. Immediate support is seen around 110.80. A clear break below that area could lead price to neutral zone in nearest term testing 110.50/00 area but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 111.50 would expose 112.75 region.
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