USDJPY Forecast:

The USDJPY failed to continue its bearish momentum yesterday. As you can see on my h1 chart below, we have a strong bullish candle after price break above the minor trendline resistance (blue) and 85.96 resistance (now support). The bias is neutral in nearest term but the major scenario remains bearish. Immediate resistance at 86.87. Break above that area could trigger further upside pullback testing the major trendline resistance (white). On the downside, another movement below 85.96 could trigger further downside attempt re-testing 85.30 area.

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