USDJPY Forecast:

After corrected lower and slipped below the bullish channel since failed to break above 94.70 area, the USDJPY had a significant bullish momentum last week and break above 93.75 indicating potential bullish outlook as downside correction may end and price ready to continue the bullish scenario . However we need a clear break above 94.70 area to continue the bullish scenario targeting 95.50 even 96.70 – 97.80 region this week. Another move below 93.75 should lead us into no trading zone in nearest term but the main scenario remains to the upside.

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