USDJPY Forecast
The USDJPY continued its bullish momentum yesterday, topped at 114.06. The bias remains bullish in nearest term but note that 114.00 – 114.70 region remains a key resistance and good place to sell. Immediate support is seen around 113.65. A clear break below that area could lead price to neutral zone in nearest term testing 113.35/00 area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 114.70 would expose 115.50 region or higher.


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