USDJPY Daily Forecast: January 15 2016

USDJPY Forecast

The USDJPY had a bullish momentum yesterday topped at 118.28. The bias is bullish in nearest term testing 118.50/80 which is a good place to sell with a tight stop loss. Immediate support is seen around 117.90. A clear break below that area could lead price to neutral zone in nearest term testing 117.50/30 area. Overall I remain bearish targeting 116.00 region.