USDJPY Forecast
The USDJPY had a bullish momentum last week topped at 124.22. The bias is bullish in nearest term testing 124.30. A clear break above that area could trigger further bullish pressure testing 125.00 area. Immediate support is seen around 123.90. A clear break below that area could lead price to neutral zone in nearest term testing 123.50 – 122.90 region. CCI just crossed below 100 line suggests potential bearish correction. Potential daily range today remains between 122.90 – 124.30.
