USDJPY Forecast
The USDJPY failed to continue its bearish momentum yesterday after unable to stay consistently below the daily EMA 200 as you can see on my daily chart below. The bias is neutral in nearest term. Immediate support is seen around 110.00. A clear break below that area could trigger further bearish pressure testing 109.75 area or lower. Immediate resistance is seen around 110.50. A clear break above that area could trigger further bullish pressure testing 111.00 – 111.55 resistance area.

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