USDJPY Forecast
The USDJPY had a strong bearish momentum yesterday bottomed at 116.07 but closed higher at 118.38 and hit 119.49 earlier today in a high volatile market. The bias is bearish in nearest term testing 118.00. Immediate resistance is seen around 119.65. A clear break above that area could lead price to neutral zone in nearest term testing 120.40 area. Potential daily range today is seen between 118.00 – 120.40. Overall I remain bearish.
