USDJPY Forecast
The USDJPY continued its bullish momentum yesterday, topped at 111.06 and hit 111.13 earlier today in Asian session but traded a little bit lower around 110.85 at the time I wrote this comment. The bias remains bullish in nearest term testing 111.40 area. Immediate support is seen around 110.50. A clear break below that area could lead price to neutral zone in nearest term testing the trend line support located around 109.80 area. On the upside, a clear break and daily close above 111.40 would expose 111.80 – 112.00 region which is a good place to sell with a tight stop loss.

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