USDJPY Daily Forecast: May 17

USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 111.00 – 111.50 region. Immediate support remains around 110.00 area. A clear break back below that area could lead price to neutral zone in nearest term testing 109.50 area but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.