USDJPY Daily Forecast: March 20

USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains bearish in nearest term testing 105.50 support area which need to be clearly broken to the downside to confirm the descending triangle bearish scenario testing 104.25 area. Immediate resistance is seen around 106.35. A clear break above that area could lead price to neutral zone in nearest term but only a clear break above 106.65 would invalidate the descending triangle bearish scenario. Overall I remain neutral.

Descending triangle: forex chart pattern