USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 121.50. A clear break above that area could trigger further bullish pressure testing 122.00 or higher. Immediate support is seen around 121.00. A clear break below that area could trigger further bearish pressure testing 120.40 or lower. Overall I still prefer a bullish scenario at this phase.
