USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 112.12 but whipsawed to the downside and closed lower at 111.48 after touched the trend line resistance as you can see on my H4 chart below. The bias is bearish in nearest term testing 110.85. Immediate resistance is seen around 112.00/12 which remains a good place to sell with a tight stop loss as a clear break above that area would nullify the bearish bias. On the downside, a clear break and daily close below 110.85 would expose 110.00 region.


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