USDJPY Forecast
The USDJPY was indecisive yesterday formed a Doji on daily chart. There are no changes in my technical outlook. As you can see on my H4 chart below price is trapped between 123.60 – 122.50. We need a clear break from that range area to see clearer direction. A clear break and daily close above 123.60 could trigger further bullish pressure testing 124.00/50 region. On the other hand, a clear break and daily close below 122.50 could trigger further bearish pressure testing 121.50. My major technical outlook remains neutral.


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