USDJPY Forecast
The USDJPY attempted to push lower last week, slipped below the range area, bottomed at 118.05 but whipsawed to the upside and closed higher at 119.46. The bias is neutral in nearest term but we might have a false breakdown bullish scenario testing 121.30 key resistance. Since we still do not have a clear breakout from the range area, buying around 118.50 or sell around 121.30 remains the best plan for now.
