USDJPY Forecast
The USDJPY was indecisive last week. Price attempted to push higher topped at 118.38 but whipsawed to the downside and closed lower at 116.94. The bias is bearish in nearest term testing 116.00 area. Immediate resistance is seen around 117.35. A clear break above that area could lead price to neutral zone in nearest term testing 118.00 – 118.50 which is a good place to sell with a tight stop loss. Overall I remain bearish.
