USDJPY Forecast
The USDJPY had a bearish momentum last week broke below the bullish channel as you can see on my h4 chart below but found a good support around 118.30 and closed higher at 119.14. The bias is neutral in nearest term probably with a little bearish bias retesting 118.30 region. Immediate resistance is seen around 119.50. A clear break above that area could trigger further bullish pressure testing 120.00 area.
