The USDJPY had a bullish momentum yesterday and hit 112.20 earlier today. The bias is bullish in nearest term testing 112.50 – 113.00 area. Immediate support is seen around 111.50.
A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 110.96 I prefer a bullish intraday scenario at this phase and any downside pullback should be seen as a good opportunity to buy with a tight stop loss below 110.96.
USD/JPY, Daily
Origin: FXOpen
