The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias so far. The bias remains bullish in nearest term testing 113.00 – 113.50. Immediate support is seen around 112.15.
A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear but as long as stays above 110.96 I still prefer a bullish scenario and any downside pullback should be seen as a good opportunity to buy targeting 114.50 area.
USDJPY, Daily
Origin: FXOpen
