USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 102.75 but closed lower at 102.06 and hit 101.74 earlier today. The bias remains bearish in nearest term testing 101.50 – 101.15 support area. Immediate resistance is seen around 102.50. A clear break above that area could lead price to neutral zone in nearest term but overall I still prefer a bearish scenario. On the downside, a clear break and daily/weekly close below 101.15 would expose 100.00 – 99.50 region next week.


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