USDJPY Forecast
The USDJPY had a bearish momentum last week and now testing the lower line of the bullish channel as you can see on my h4 chart below. The bias is bearish in in nearest term especially if price able to make a clear break below the bullish channel and 119.75 support area testing 119.30 – 119.00 or lower. Immediate resistance is seen around 120.30. A clear break above that area could lead price to neutral zone in nearest term testing 121.00 region.
