USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 121.47. The bias remains bullish in nearest term testing 121.50 – 122.00 area. However, like I said yesterday, that area is a good place to sell considering choppy market condition in the last few weeks and a good risk/reward ratio. Immediate suport is seen around 120.75. A clear break below that area could lead price to neutral zone in nearest term testing 120.35. Overall I remain neutral.
