USDJPY Forecast
The USDJPY was indecisive yesterday. Price traded higher earlier today hit 110.93 after another failure to stay consistently below 110.65 support area as you can see on my daily chart below. The bias is bullish in nearest term testing 111.20 region. On the downside, we need a clear break and daily close below 110.65 to resume the bearish phase testing 110.00 – 109.50 support area.On the upside, a clear break and daily close above 111.20 would expose 111.85 or higher. Overall I remain neutral.

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