USDJPY Forecast
The USDJPY had a bullish momentum last week topped at 121.56. The bias remains bullish in nearest term but overall price is still moving sideways since few weeks ago and 121.50 – 122.00 area is still a good place to sell with a tight stop loss above 122.00. Immediate support is seen around 121.25. A clear break below that area could lead price to neutral zone testing 120.60. Overall I remain neutral.
