USDJPY Forecast
The USDJPY failed to continue its bearish momentum yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 123.00 region. Immediate resistance is seen around 124.00. A clear break above that area could trigger further bullish pressure testing 124.50 or higher. Potential daily range today is seen between 123.00 – 124.00. My major technical outlook remains neutral.
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The USDJPY failed to continue its bearish momentum yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 123.00 region. Immediate resistance is seen around 124.00. A clear break above that area could trigger further bullish pressure testing 124.50 or higher. Potential daily range today is seen between 123.00 – 124.00. My major technical outlook remains neutral.
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USDJPY Daily Forecast: July 29
