USDJPY Forecast
The USDJPY had another indecisive movement yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term testing 124.00/50 area. As you can see on my H4 chart below, we have a CCI bearish divergence suggests a potential bearish pullback and sell opportunity with a tight stop loss above 124.00. Immediate support is seen around 123.35. A clear break below that area could lead price to neutral zone in nearest term testing 122.50 region. Fundamental focus today will be on the BOJ press conference. My major technical outlook remains neutral.


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