USDJPY Forecast
The USDJPY had a bullish momentum yesterday and hit 123.35 earlier today. The bias is bullish in nearest term testing 124.00/50 area. Immediate support is seen around 123.00 A clear break below that area could lead price to neutral zone in nearest term testing 122.50. My major technical outlook remains neutral but as long as stays above the H1 EMA 200 I still prefer a bullish intraday scenario at this phase with stop loss below the H1 EMA 200.
