USDJPY Forecast
The USDJPY had a moderate bearish momentum yesterday bottomed at 122.30. The bias is bearish in nearest term especially if price able to make a clear break below 122.20 targeting 121.50 or lower. Immediate resistance is seen around 122.65. A clear break back above that area could lead price to neutral zone in nearest term testing 123.00 but key resistance remains around 123.60. On the downside, a clear break and daily close below 122.20/00 would activate my bearish mode.
