USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias remains bearish in nearest term testing the trend line support and 120.50 area which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 121.30. A clear break above that area could lead price to neutral zone in nearest term testing 121.80 – 122.00 area. My major technical outlook remains neutral.
