USDJPY Daily Forecast: August 28

USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 121.38. The bias remains bullish in nearest term testing 121.80. A clear break above that area could trigger further bullish scenario testing 122.50 or higher. Immediate support is seen around 120.40. A clear break below that area could lead price to neutral zone in nearest term but would give the bearish scenario another chance. Potential daily range today is seen between 120.40 – 121.80.


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