USDJPY Forecast
The USDJPY was corrected lower yesterday bottomed at 113.63. The bias is bearish in nearest term testing 113.50/00 area. Immediate resistance is seen around 114.20. A clear break above that area could lead price to neutral zone in nearest term testing 114.70 region which need to be clearly broken to the upside to resume the bullish phase targeting 115.50 or higher. On the downside, a clear break and daily/weekly close below 113.00 would expose 112.00 or lower next week but as long as stay above the trend line support I remain bullish and any downside pullback should be seen as a good opportunity to sell. Fundamental focus today will be on the US NFP number.


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