USDJPY Forecast
The USDJPY attempted to push lower last week bottomed at 120.40 but whipsawed to the upside and closed higher at 122.74. I still prefer a bearish scenario at this phase but the movement back above 122.00 activated my wait and see mode.The bias is bullish in nearest term testing 123.30. Immediate support is seen around 122.35. A clear break below that area could lead price to neutral zone in nearest term testing 121.70. Potential daily range is seen between 123.30 – 121.70.
