USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term but as long as stay below the trend line resistance and 112.00 I still prefer a bearish scenario at this phase targeting 108.00 region. Immediate support is seen around 110.85. A clear break below that area could trigger further bearish pressure testing 110.25 or lower. On the upside, a clear break and daily close above the trend line resistance and 112.00 area would nullify the bearish bias and activate my wait and see mode.

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One thought on “USDJPY Daily Forecast: May 29”

  1. Teboho Faro says:

    I must say most of us smell Yen strength

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