The Usdjpy was indecisive yesterday. The bias remains neutral in nearest term. Overall I still prefer a bearish scenario but as you can see on my H4 chart below price has been moving sideways in a range area. Immediate support is seen around 113.50. A clear break and daily close below that area could trigger further bearish pressure testing 113.00 – 112.50 region. Immediate resistance is seen around 114.70 but key resistance remains at 115.60 which remains a good place to sell.
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