USDJPY Forecast
The USDJPY  failed to continue its bullish momentum yesterday bottomed at 112.92 and hit 112.49 earlier today in Asian session. Price revisits the (violated) trend line resistance as you can see on my H4 chart below, which is a good place to buy with a tight stop loss below the EMA 200 (112.05) targeting 115.00 region. Immediate resistance is seen around 113.12 (current high). A clear break above that area could lead price to neutral zone in nearest term testing 113.50/80 area.


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