USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 112.05 after another failure to break above 113.00. The bias is bearish in nearest term testing 111.90 but note that only a clear break back below 111.40 would invalidate my bullish outlook. Immediate resistance is seen around 112.60. A clear break above that area could lead price to neutral zone in nearest term retesting 113.00 area which need to be clearly broken to the upside to resume the major bullish trend.

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