USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 123.00/50 area. I have made some adjustments  to the pennant formation as you can see on my h4 chart below. As long as stays above 122.00 I still prefer a bullish scenario at this phase.

usdjpy4h

By FXOpen