USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 110.45 and hit 110.64 earlier today in Asian session. The bias is bullish in nearest term testing 111.00 region as a part of the bullish phase since bounced-off 108.10 support level. Immediate support is seen around 110.32 (current low). A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. On the upside, a clear break and daily close above 111.00 would retest the upper line of the bearish channel located around 111.85 (the value of the upper line of a bearish channel gets lower over time).

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