USDJPY Forecast
The USDJPY was indecisive yesterday formed a Doji on daily chart. The bias is neutral in nearest term. Potential daily range to be closely watched is seen between 122.00 – 123.00/50. As you can see on my H4 chart below price is still moving inside the pennant formation. I am expecting a breakout above the pennant to reactivate my bullish mode targeting 125.00 or a breakdown below 122.00 to activate my bearish mode targeting 120.00.
