USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 113.13 but closed lower at 112.83, printed a bearish pin bar as you can see on my daily chart below. The bias is neutral in nearest term. Overall I remain bullish but need a clear break above 113.13 to invalidate the bearish pin bar scenario and resume the bullish trend testing 113.70 – 114.00 region. Immediate support is seen around 112.35. A clear break below that area could trigger further bearish pullback testing 111.90 area but only a clear break back below 111.40 would invalidate my major bullish outlook.

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