USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 110.75 but closed higher at 111.33, printed a bullish pin bar on daily chart as you can see on my daily chart below. The bias is neutral in nearest term. Immediate resistance is seen around 111.60 area. A clear break above that area could trigger further bullish pressure testing 112.00 area and give the bullish scenario another chance. Immediate support is seen around 110.75. A clear break and daily close below that area would invalidate the bullish pin bar scenario and resume the bearish run testing 110.00 area or lower.

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