USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 118.62. The bias is bearish in nearest term but buying around 118.50 with a tight stop loss remains a good idea. Immediate resistance is seen around 119.10. A clear break above that area could lead price to neutral zone in nearest term testing 119.65 area. On the downside, a clear break and daily close below 118.50 would activate my bearish mode testing 116.00 region.
