USDJPY Forecast
The USDJPY continued its bullish momentum last week but still struggling above 104.20 key resistance area. The bias is neutral in nearest term. Immediate resistance is seen around 104.65. A clear break above that area would expose 105.00/50 region. Immediate support is seen around 103.50 and the trend line support as you can see on my H1 chart below. A clear break below that area could trigger further bearish pressure testing 102.75 area. Overall I remain bearish but only a clear break at least back below 103.50 would potentially end the current bullish correction phase.


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