USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 120.65. A clear break above that area could trigger further bullish pressure testing 121.30. Immediate support is seen around 119.60. A clear break below that area could trigger further bearish pressure testing 119.20 – 118.50 region. For me, the best plan remains to buy around 118.50 or sell around 121.30 with a tight stop loss.
