USDJPY Forecast
The USDJPY had a strong bearish momentum yesterday broke below 122.00 bottomed at 120.40. The bias is bearish in nearest term testing 120.00. Immediate resistance is seen around 121.30. A clear break above that area could lead price to neutral zone in nearest term testing 122.00 but overall I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
