USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains bearish in nearest term testing the trend line support and 120.50 area as you can see on my H4 chart below which is a good place to buy with a tight stop loss. Immediate resistance is seen around 121.35. A clear break above that area could lead price to neutral zone in nearest term testing 121.80 – 122.00 region. Fundamental focus today will be on the US final GDP q/q.My major technical outlook remains neutral.
