USDJPY Forecast
The USDJPY had a strong bearish momentum yesterday bottomed at 117.05. The bias is bearish in nearest term testing 116.00 area. Immediate resistance is seen around 118.25. A clear break above that area could lead price to neutral zone in nearest term testing 118.80 which is a good place to sell with a tight stop loss. Overall I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
