USDJPY Forecast
The USDJPY was indecisive yesterday formed a Doji formation as you can see on my daily chart below. The bias is neutral in nearest term but overall I remain bearish. Immediate resistance is seen around 109.40. A clear break above that area could trigger further bullish pullback testing 109.85 – 110.10 region which is a good place to sell. On the downside, a clear break and daily/weekly close below 108.72 would expose 107.50 area or lower next week.

usdjpydaily

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