USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 123.00. The bias is bearish in nearest term testing 122.40 area. Immediate resistance is seen around 123.40. A clear break above that area could lead price to neutral zone in nearest term testing 124.00 area. Potential daily range today is seen between 122.40 – 124.00. My major technical outlook is neutral.
