USDJPY Daily Forecast: December 06
The USDJPY had a bullish momentum yesterday topped at 113.24 but traded lower earlier today in Asian session hit 112.64 at the time I am writing this comment. The bias is bearish in nearest term testing 112.50 – 112.00 key support area which is a good place to buy with a tight stop loss below 111.50 as a clear break below that area would invalidate the major bullish trend. Immediate resistance is seen around 113.15. A clear break above that area could lead price to neutral zone in nearest term testing 113.50/65 region but key resistance remains at 114.20 – 114.70 area.