USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 125.00. Immediate support is seen around 123.75 (H4 EMA 200). As long as stays above that area I still prefer a bullish scenario at this phase targeting 125.00 – 125.85 region. A clear break and daily/weekly close below 123.75/50 would interrupt the bullish outlook and activate my “wait and see” mode. Potential daily range today is seen between 123.75 – 125.00.
