USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 111.75 but closed lower at 111.35 and hit 111.17 earlier today in Asian session. The bias is neutral in nearest term. Immediate support is seen around the trend line support located around 111.00 area. A clear break and daily close below that area could trigger further bearish pressure retesting the daily EMA 200 and 110.25 region. Immediate resistance is seen around 111.40. A clear break above that area could trigger further bullish pressure testing 111.75 – 112.15 region.

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