USDJPY Forecast
The USDJPY had a moderate bearish momentum yesterday bottomed at 122.72. The bias remains neutral in nearest term. As long as trapped between the range area as you can see on my H4 chart below, the best plan is to sell around 123.60 or buy around 122.20 with a tight stop loss. I still prefer a bearish scenario at this phase but need a clear break below 122.20 to confirm the bearish scenario.
