USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains bullish in nearest term testing 125.85. Immediate support remains around 124.50. A clear break below that area could lead price to neutral zone in nearest term testing 124.00 but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. Potential daily range today remains between 124.50 – 125.85. Fundamental focus today will be on the US NFP number.
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The USDJPY was indecisive yesterday. The bias remains bullish in nearest term testing 125.85. Immediate support remains around 124.50. A clear break below that area could lead price to neutral zone in nearest term testing 124.00 but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. Potential daily range today remains between 124.50 – 125.85. Fundamental focus today will be on the US NFP number.
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USDJPY Daily Forecast: August 07
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