USDJPY Daily Forecast: January 04

USDJPY Forecast
The USDJPY had a moderate bullish momentum yesterday topped at 112.60 and hit 112.77 earlier today in Asian session. The bias is bullish in nearest term testing 113.05 region. Immediate support is seen around 112.50. A clear break below that area could lead price to neutral zone in nearest term testing 112.00 key support . I still prefer a bearish scenario at this phase but need a clear break below 112.00 to continue the bearish scenario after broke below the trend line support as you can see on my H1 chart below. Overall I remain neutral.