USDJPY Forecast
The USDJPY had a bearish momentum last week. As you can see on my H4 chart below, price slipped below the trend line support after failed to break above 123.60 strong resistance suggests a bearish view with nearest target seen around 119.50. The bias is bearish in nearest term. Immediate resistance is seen around 120.75. A clear break above that area could lead price to neutral zone in nearest term testing 121.25 region. My major technical outlook remains neutral.

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