USDJPY Forecast
The USDJPY had a bearish momentum last week bottomed at 118.57. The bias remains bearish in nearest term testing 118.00. Immediate resistance is seen around 119.60. A clear break above that area could lead price to neutral zone in nearest term testing 120.00 region but overall I still prefer a bearish scenario at this phase. Potential daily range today is seen between 118.00 – 119.60.
