USDJPY Forecast
The USDJPY was indecisive yesterday. Price attempted to push lower, bottomed at 120.62 but whipsawed to the upside and hit 121.45 earlier today. As you can see on my hourly chart below, price is moving inside a minor bearish channel. I still prefer a bullish scenario at this phase but need a clear break above 121.50 to continue the bullish scenario testing 122.00 or higher.


By FXOpen