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USDJPY Daily Forecast: May 30

USDJPY Forecast
The Usdjpy had a significant bullish momentum earlier today broke above the range area as you can see on my H1 chart below and hit 111.02. The bias is bullish in Nearest Term testing 111.90. Immediate support is seen around 110.65. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear but could create a false breakout bearish scenario.

usdjpyhourly



This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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USDJPY Daily Forecast: May 30

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