USDJPY Forecast
The USDJPY had another indecisive movement last week. The bias is neutral in nearest term. Immediate support is seen around 124.00. A clear break below that area could trigger further bearish pressure testing 123.50 region. Immediate resistance is seen around 125.00. A clear break above that area could trigger further bullish pressure testing 125.85 region. Potential daily range today is seen between 124.00 – 125.00. Overall price is still moving above the EMA 200 on H1, H4 and daily chart suggests a valid bullish outlook.
