USDJPY Forecast
The USDJPY had a bearish momentum yesterday and hit 119.54 earlier today. The bias is bearish in nearest term testing 118.50 area. Immediate resistance is seen around 120.00. A clear break above that area could lead price to neutral zone in nearest term testing 120.50 region. Price is still trapped inside the range area as you can see on my H1 chart below and the best plan for me is still to sell around 121.30 or buy around 118.50 with a tight stop loss.

usdjpyhourly

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