USDJPY Daily Forecast: January 12

USDJPY Forecast
The USDJPY was indecisive yesterday. Price attempted to push higher topped at 111.87 but closed lower at 111.23. The bias remains bearish in nearest term testing 110.85/65 region as a part of a bearish phase after bounced-off the violated trend line support as you can see on my H1 chart below. Immediate resistance is seen around 111.85. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.