USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 118.07 (yesterday’s high). A clear break above that area could trigger further bullish pressure testing 118.80 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell targeting 116.00 region. Immediate support is seen around 117.50. A clear break below that area could trigger further bearish pressure testing 117.00 or lower.
