USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 118.70 but closed higher at 119.43. The bias is bearish in nearest term testing 118.00. Immediate resistance is seen around 119.50. A clear break above that area could lead price to neutral zone in nearest term testing 120.05 region but overall I still prefer a bearish scenario at this phase as a part of the bearish scenario after failed to break above 123.60 and broke below the trend line support as you can see on my H4 chart below and any upside pullback should be seen as a good opportunity to sell.
