USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 110.75 but whipsawed to the downside and closed lower at 109.95. The bias is bearish in nearest term testing 109.50 area but note that price is still in a bullish phase since bounced-off 108.10 key support. Immediate resistance is seen around 110.25. A clear break above that area could lead price to neutral zone in nearest term retesting 110.75. On the upside, key resistance remains around the upper line of the bearish channel as you can see on my daily chart below located around 111.85 which is a good place to sell.

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