The Usdjpy was indecisive yesterday. The bias is neutral in nearest term but as long as stay above the daily EMA 200 and 110.00 region I still prefer a bullish bias at this phase. Immediate support is seen around 110.90 area. A clear break below that area could trigger further bearish pressure testing 110.50 or lower. Immediate resistance is seen around 111.50. A clear break and daily close above that area would expose 112.15 region.
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