USDJPY Forecast
The USDJPY didn’t make significant movement yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term testing 124.00/50 area. However, pay attention to 123.60 resistance which could be a good resistance at this phase and need to be clearly broken to the upside to continue the bullish scenario. Immediate support remains around 123.00 A clear break below that area could lead price to neutral zone in nearest term testing 122.50. My major technical outlook remains neutral but as long as stays above the H1 EMA 200 I still prefer a bullish intraday scenario at this phase with stop loss below the H1 EMA 200. All eyes will be on the FOMC Meeting Minutes which is expected to be a market catalyst.


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