USDJPY Daily Forecast: February 18 2016

The USDJPY was indecisive yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 113.15 support area. Immediate resistance is seen around 114.50. A clear break above that area could trigger further bullish pressure testing 115.20 – 116.00 region which remains a good place to sell. Overall I remain bearish.