USDJPY Forecast
The USDJPY didn’t make significant movement yesterday but overall still able to maintain its bearish correction bias since printed a bearish pin bar on weekly chart last week after failed to break above 114.00/70 key resistance area. The bias remains bearish in nearest term testing 112.15/00 region. Immediate resistance is seen around 113.50. A clear break above that area could lead price to neutral zone in nearest term testing 114.00 region but only a clear break above 114.70 would invalidate the bearish pin bar scenario and reactivate my bullish mode targeting 115.50 or higher.


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