USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 109.55 but closed a little bit higher at 110.05. The bias is bearish in nearest term but note that price is still in a valid bullish phase since bounced-off 108.10 key support. Immediate support is seen around 109.55. A clear break and daily close below that area would invalidate the bullish phase retesting 108.10. Immediate resistance is seen around 110.30. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish phase alive and kicking testing 110.60 or higher.

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