USDJPY Forecast
The USDJPY continued its bearish momentum yesterday bottomed at 108.95 and hit 108.74 earlier today in Asian session. The bias remains bearish in nearest term testing 108.50 – 107.80 region as a part of the bearish continuation scenario after broke below the range area as you can see on my daily chart below. Immediate resistance is seen around 109.20. A clear break above that area could lead price to neutral zone in nearest term testing 109.85 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.


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