USDJPY Forecast
The USDJPY continued its bearish momentum yesterday bottomed at 118.25. The bias remains bearish in nearest term testing 118.00. A clear break and daily close below that area could trigger further bearish pressure testing 117.35/00 area. Immediate resistance is seen around 118.80. A clear break above that area could lead price to neutral zone in nearest term testing 119.50 – 120.05 resistance area which remains a good place to sell with a tight stop loss.
