USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday bottomed at 111.11. The bias is neutral in nearest term but as long as stay above the trend line support and the daily EMA 200 price is still in a valid bullish bias. Immediate support is seen around 111.00. A clear break below that area could trigger further bearish pressure testing 110.70 but key support remains at 110.25 region which need to be clearly broken to the downside to invalidate the bullish outlook. Immediate resistance is seen around 111.65/75. A clear break above that area would expose 112.15 region.

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