USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 122.62. The CCI bearish divergence I showed you yesterday gave us a valid bearish warning. As you can see on my H4 chart below, we have a potential double top bearish scenario, which would be confirmed by a clear break below the neckline located around 122.50/25 with nearest target seen around 121.50. On the upside, 123.60 remains a key resistance. A clear break and daily/weekly close above that area would cancel the double top scenario targeting 124.00/50 region. My major technical outlook remains neutral.


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