USDJPY Forecast
The USDJPY continued its bullish momentum yesterday and hit 125.23 earlier today. The bias remains bullish in nearest term testing 125.85. Immediate support is seen around 124.90. A clear break below that area could lead price to neutral zone in nearest term testing 124.60 or lower but overall I prefer a bullish scenario a this phase. Potential daily range today is seen between 124.60 – 125.85.
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The USDJPY continued its bullish momentum yesterday and hit 125.23 earlier today. The bias remains bullish in nearest term testing 125.85. Immediate support is seen around 124.90. A clear break below that area could lead price to neutral zone in nearest term testing 124.60 or lower but overall I prefer a bullish scenario a this phase. Potential daily range today is seen between 124.60 – 125.85.
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USDJPY Daily Forecast: August 12
