The Usdjpy didn’t make significant movement yesterday. The bias remains neutral in nearest term. As you can see on my H1 chart below price has been moving sideways between 101.15 – 99.50 and need a clear break from the range area to see clearer direction. Overall I remain bearish. A clear break and daily/weekly close below 99.50 would expose 98.00 – 97.50 region next week. On the other hand, a clear break and daily/weekly close above 101.15 could trigger further bullish pullback testing 102.00 – 102.80 region.
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