USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 113.04 but closed lower at 112.46 after touched the trend line resistance as you can see on my H4 chart below. Price is still in a bullish phase but as long as the trend line resistance hold, we may see a bearish pullback. The bias is neutral in nearest term. Immediate support is seen around 112.30. A clear break below that area could trigger further bearish pressure testing 111.80 area. On the upside, a clear break and daily/weekly close above the trend line resistance would continue the bullish trend testing 115.00 region next week. Fundamental focus today will be on the US NFP number.


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