USDJPY Forecast
The USDJPY attempted to push higher yesterday slipped above 124.50 but closed lower at 124.12 and hit 123.91 earlier today. The bias is bearish in nearest term testing 123.00. Immediate resistance is seen around 124.25. A clear break above that area could lead price to neutral zone in nearest term retesting 124.50. Potential daily range today remains between 123.00 – 124.50. My major technical outlook remains neutral.
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The USDJPY attempted to push higher yesterday slipped above 124.50 but closed lower at 124.12 and hit 123.91 earlier today. The bias is bearish in nearest term testing 123.00. Immediate resistance is seen around 124.25. A clear break above that area could lead price to neutral zone in nearest term retesting 124.50. Potential daily range today remains between 123.00 – 124.50. My major technical outlook remains neutral.
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USDJPY Daily Forecast: July 31
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