USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains neutral in nearest term and price is still trapped inside the range area between 123.60 – 122.20 as you can see on my H4 chart below. Overall I still prefer a bearish scenario at this phase but need a clear break below 122.20 to confirm the bearish scenario targeting 121.50 or lower. On the upside, 123.60 remains a key resistance. A clear break above that area could trigger further bullish pressure testing 124.00/50 region.
