USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 112.58 and hit 112.76 earlier today in Asian session. The bias remains bullish in nearest term retesting 113.00/15 region which is a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area would expose 114.00/70 region next week. Immediate support is seen around 112.40. A clear break below that area could lead price to neutral zone in nearest term testing 112.00 region but as long as stay above the trend line support I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.

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