USD/JPY Daily Forecast: July 16 

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USD/JPY Forecast

The USD/JPY had a bullish momentum yesterday and slipped above 101.60. The bias is bullish in nearest term testing 102.00 or higher. Immediate support is seen around 101.40. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. Key support remains around 100.80.

 

Source: fxopen

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