USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 121.50. A clear break above that area could trigger further bullish pressure testing 122.00 or higher. Immediate support is seen around 121.00. A clear break below that area could trigger further bearish pressure testing 120.50. Overall I still prefer a bullish scenario at this phase.
