USDJPY Forecast
The USDJPY had a significant bullish momentum last week broke above 122.00 key resistance and hit 124.45. The bias remains bullish in nearest term testing 125.00 area. Immediate support is seen around 123.50. A clear break below that area could lead price to neutral zone in nearest term testing 123.00 or lower but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

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By FXOpen