USDJPY Forecast
The USDJPY had a bullish momentum yesterday, slipped above the pennant formation as you can see on my h4 chart below, suggest a bullish outlook. The bias is bullish in nearest term testing 125.00 area. Immediate support is seen around 123.50. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear but as long as stays above 122.00 I still prefer a bullish scenario at this phase.
