USDJPY Daily Forecast: February 16

The USDJPY had a bullish momentum yesterday topped at 114.73. The bias remains bullish in nearest term testing 115.20 – 116.00 which is a good place to sell. Immediate support is seen around 114.10. A clear break below that area could lead price to neutral zone in nearest term testing 113.15 area. Overall I remain bearish but need a clear break at least below 113.15 to end the current bullish correction phase.