USDJPY Daily Forecast: July 12

USDJPY Forecast
The USDJPY had a significant bullish movement yesterday, slipped above the major bearish channel as you can see on my daily chart below. This fact could be an early stage of a new major bullish trend. The bias is bullish in nearest term testing 113.00 area. Immediate support is seen around 111.90. A clear break back below that area could lead price to neutral zone in nearest term but only a clear break back below 111.40 would invalidate the bullish view.