Technical Analysis for USDJPY

Technical Analysis for USDJPY

The USDJPY had a bearish momentum yesterday bottomed at 102.97. The bias is bearish in nearest term testing 102.50. Immediate resistance is seen around 103.60. A clear break above that area could lead price to neutral zone in nearest term testing 104.00 or higher. The major bullish outlook should remain valid but need a clear break above 105.00 – 105.50 to continue the major bullish scenario.