USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 100.98 but closed lower at 100.41. The bias is neutral in nearest term. The Double Bottom bullish scenario remains potential, but need a clear break above 101.15 to give further confirmation of the bullish scenario. On the downside, a clear break below 100.10 will cancel the double bottom scenario retesting 99.50 or lower. Overall I remain bearish.