USDJPY Forecast
The USDJPY continued its bearish momentum yesterday bottomed at 112.24 and hit 111.97 earlier today in Asian session. The bias remains bearish in nearest term testing the trend line support located around 111.00 region which is a good place to buy with a tight stop loss as a clear break below the trend line support would invalidate the major bullish trend. Immediate resistance is seen around 112.50. A clear break above that area could lead price to neutral zone in nearest term testing 113.00 region.


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