USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 118.11 but whipsawed to the downside and hit 117.16 earlier today. The bias is bearish in nearest term testing 116.70/00 region. Immediate resistance is seen around 117.70. A clear break above that area could lead price to neutral zone in nearest term testing 118.00 – 118.50 which remains a good place to sell. Overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
