USDJPY Daily Forecast: January 03

USDJPY Forecast
The USDJPY continued its bearish momentum yesterday bottomed at 112.05. The bias remains bearish in nearest term testing 111.65 area as a part of a bearish scenario after broke below the trend line support as you can see on my H1 chart below. Immediate resistance is seen around 112.50. A clear break above that area could lead price to neutral zone in nearest term testing 113.00 region. Overall I remain neutral.