USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term but overall price is still moving sideways since few weeks ago and 121.50 – 122.00 area is still a good place to sell with a tight stop loss above 122.00. Immediate support is seen around 121.45. A clear break below that area could lead price to neutral zone in nearest term testing 121.00 or lower. Overall I remain neutral.