USDJPY Daily Forecast: April 05 2016
The USDJPY had a bearish momentum earlier today, slipped below 110.96 support level as you can see on my daily chart below. The bias is bearish in nearest term but now is a good time to buy with a tight stop loss as a clear break and daily close below 110.96/50 could trigger further bearish scenario testing 109.50 area or lower. Immediate resistance is seen around 111.35. A clear break above that area could lead price to neutral zone in nearest term testing 112.00 or higher.