USDJPY Daily Technical Analysis

The USDJPY had a bearish momentum last week and hit 97.63 earlier today. Like I said on Friday, a clear break below 98.50/00 could be an early signal of a bearish reversal scenario testing 96.70. The bias is bearish in nearest term. Immediate resistance is seen around 98.30. A clear break above that area could lead price to neutral zone in nearest term but overall I still prefer a bearish scenario at this phase.

IMOH, Clement I.
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