USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 120.38 but whipsawed to the downside and closed lower at 118.80. The bias is bearish in nearest term testing 118.00. Immediate resistance is seen around 119.50. A clear break above that area could lead price to neutral zone in nearest term testing 120.40. Potential daily range today remains between 118.00 – 120.40. Overall I remain bearish.
