USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 120.60. A clear break above that area could trigger further bullish pressure testing 121.30 key resistance. Immediate support is seen around 120.00. A clear break below that area could trigger further bearish pressure testing 119.50 but key support remains around 118.50. The best plan for now remains to sell around 121.30 or buy around 118.50 with a tight stop loss.
