The Usdjpy was indecisive last week. Price attempted to push lower bottomed at 106.87 but closed higher at 107.63 and hit 107.88 earlier today in Asian session. The bias is bullish in nearest term testing 108.50 area as a apart of the Bullish Scenario after broke above the bearish channel as you can see on my daily chart below. Immediate support is seen around 107.50. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 106.60 I still prefer a bullish scenario at this phase. Overall I remain neutral.
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