USDJPY Forecast
The USDJPY had a bearish momentum last week bottomed at 121.81 and hit 121.13 earlier today. The bias remains bearish in nearest term testing 120.40 area. Immediate resistance is seen around 121.80. A clear break above that area could lead price to neutral zone in nearest term testing 122.40 but any upside pullback is normal and overall I remain bearish and still prefer to sell on rallies. Potential daily range today is seen between 120.40 – 121.80.
