USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains neutral in nearest term but as long as stay below the trend line resistance and 112.00 I still prefer a bearish scenario targeting 108.00 region. Immediate resistance is seen around 111.20. A clear break above that area could trigger further bullish pressure testing 111.70 – 112.00 region which is a good place to sell with a tight stop loss as a clear break above 112.00 would activate my wait and see mode as direction would become unclear. Immediate support is seen around 110.50. A clear break below that area could trigger further bearish pressure testing 110.00 region.

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