USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 110.49 and hit 110.68 earlier today in Asian session. The bias is bullish in nearest term testing 111.00 – 111.50 region. From a longer term technical perspective as you can see on my daily chart below, price is moving inside a bearish channel with an upper line located around 112.00 region which is a good place to sell with a tight stop loss. Immediate support is seen around 110.00. A clear break below that area could lead price to neutral zone in nearest term testing 109.50 region but key short-term support remains at 108.10.

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