USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 119.06. The bias remains bearish in nearest term especially if price able to make a clear break below 119.00 testing 118.50 – 118.00 region. Immediate resistance is seen around 119.70. A clear break above that area could lead price to neutral zone in nearest term testing 120.35 or higher. I still prefer a bullish scenario at this phase with a tight stop loss below 119.00.
