USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 112.57. The bias remains bearish in nearest term testing the trend line support and 112.50 – 112.00 key support area which remains a good place to buy with a tight stop loss below 111.50 as a clear break below that area would invalidate the major bullish trend. Immediate resistance is seen around 113.15. A clear break above that area could lead price to neutral zone in nearest term testing 113.50/65 region but key resistance remains at 114.20 – 114.70 area.


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